The largest ever drop in trust across institutions of government, business, media and NGOs was recorded in a recent survey.
The 2017 Edelman Trust Barometer found that trust in media fell dramatically in 2016 and is at all-time lows in 17 countries.
Trust levels in government dropped in 14 countries, and is the least trusted institution in half of the 28 countries surveyed.
CEO credibility dropped 12 points globally, sitting at an all time low of 37 per cent.
The survey also found that 53 per cent of respondents believe the current system overall has failed them.
As the below chart by Statista shows, the UK ranked poorly for trust in government:
You can see the full chart and change for year on year below:
Businesses were the most trusted institutions, but were on the brink of distrust.
Kathryn Beiser, global chair of Edelman’s Corporate practice said:
Business is the last retaining wall for trust.
Its leaders must step up on the issues that matter for society. It has done a masterful job of illustrating the benefits of innovation but has done little to discuss the impact those advances will have on people’s jobs. Business must also focus on paying employees fairly, while providing better benefits and job training.
You can read the full report on Edelman's website.