BCC: Growth in exports is still inadequate
09 Feb 2011
Commenting on the trade figures for December 2010 published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC) said:
“These figures are disappointing and worse than expected. The trade deficit increased when most commentators were expecting an improvement, although bad weather conditions might have affected these figures. While we shouldn’t give too much weight to one month’s numbers, it is disappointing to see that exports fell during the month, while imports rose. So far, it is clear that Britain’s trading position is not improving.
“Although exports have grown at various points over the past year, the pace of recovery is not strong enough. The impressive recovery in manufacturing output has not yet been translated into a major improvement in Britain’s international trading position. This is worrying, since the Government’s deficit-cutting programme will inevitably dampen domestic demand. A substantial increase in net exports will be a key component in any sustainable UK recovery.
“Starting with its trade white paper, the Government must ensure that Britain’s exporters can break into new markets abroad. It is up to the state to remove competitive disadvantages British companies face in key areas such as trade finance, export insurance and trade promotion. UK SMEs in particular need all the help they can get to ensure they can move into fast-growing emerging markets such as China, India and Brazil.”
09 Dec 2013
The China-Britain Business Council (CBBC) has launched a new SME series, ‘Opportunity to Action: SME2China’ highlighting the practical steps all SMEs can take right now to access the China market.
11 Nov 2013
- Chambers of Commerce join forces with UKTI to promote UK exports during Export Week
- BCC announces launch of Export Britain - the new online resource to help businesses find connections in new markets overseas www.exportbritain.org.uk
- British Chambers of Commerce and business groups working with UKTI to develop Chambers of Commerce in 21 key growth markets overseas
08 Nov 2013
- The UK deficit on trade in goods and services was £3.3bn in September 2013, unchanged from August
- There was a £9.8bn deficit on goods, partly offset by a £6.5bn surplus on services
- The trade deficit in goods and services increased markedly in Q3 2013, largely reflecting a wider goods deficit (down £4.3bn - £3.8bn goods)