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British businesses buoyant as export growth continues
British businesses buoyant as export growth continues

British businesses buoyant as export growth continues

Opportunities for British businesses are increasing, with exports up and set to grow further in the next 12 years.

This is the verdict from new figures published by the Office for National Statistics (ONS), which displays not only the investment opportunities available for UK companies, but also the fact that British businesses are held in high esteem across the globe.

There has understandably been much uncertainty with Brexit on the horizon and the negotiations that that will determine the way organisations trade in the future.

Ministers are confident that the UK will still provide organisations from all over the world with investment opportunities, given the sheer volume of infrastructure projects in Britain.

However, the figures regarding exports show that as well as the importance of worldwide firms in Britain, the fact is British businesses, their products and services are coveted all over the world.

The report reveals UK exports increased by 10.4% between March 2017 and February 2018 – from £59.4 billion to £627.6 billion.

These figures from the ONS were published at the same time as a HSBC report that says the export boom will continue and growth in UK exports is expected to double by 2030.

Dr Liam Fox, International Trade Secretary, believes the figures are a cause for great optimism.

He said: “The UK is entering a period of unprecedented economic opportunity, with latest figures showing a surge in exports together with optimism for continued export growth in the years ahead.

“As an international economic department, we are supporting UK businesses from every part of the country to succeed on the global stage, and ensure this creates more jobs and prosperity in every part of the country.”

According to the trade forecast from HSBC, it is predicted UK goods and services will increase by 2018 this year, which is the fastest rate of growth for seven years.

It paints a picture of opportunity and demand for British businesses and their goods.

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