Donald decends on Davos [Video]

The majority of British entrepreneurs believe the return of Donald Trump will be “good for business” – even as his plans set alarm bells ringing in capitals across Europe, write John-Paul Ford Rojas, Samuel Norman and Ella Manning.

A survey by Helm, a group of 400 UK start-ups with combined annual revenues of £8bn, found two-thirds are optimistic about their prospects under the new US President even as others worry about protectionist ‘American First’ trade policies.

And speaking at the World Economic Forum in Davos, advertising guru and City grandee Martin Sorrell said the return of Trump to the White House has put rocket-boosters under business confidence in the US.

“America is on steroids, on fire,” he said. “The animal spirits are at a level I haven’t seen since Reagan in 1985.”

His comments came before Trump addresses delegates in the Swiss ski resort by video link today, with many of the self-styled global elite listening in with trepidation.

But while the threat of tariffs …