Move aside Brexit, it’s time for Brexport
UK exports to the world rose by £26 billion – an increase of 4.4% compared to the same time last year, reaching £620.2bn.
These trade figures show demand for UK goods and services is continuing to grow, as overall exports are up by 4.4% on this time last year – and the trade deficit continues to narrow. Which is great news for UK businesses that are looking at exporting as part of their growth plans, right?
So why is confidence in exporting at an all-time low? With just months left to go until the UK formally exits the European Union in March 2019, there is talk about the UK’s exporting post-Brexit is likely to be an increasingly expensive and time consuming process. Concerns are also increasing from businesses by the lack of apparent progress in the UK’s exit negotiations with the European Union, as well as ministers’ decision to talk up a no-deal Brexit.
Mind the gap: the Brexport confidence problem.
In an attempt to bridge the gap between the exporting reality, and exporting perceptions, International trade secretary Dr Liam Fox has announced an “ambitious” new export strategy to increase UK total exports as a proportion of UK GDP from 30 percent to 35 percent, with the aim of making Britain a “21st century exporting superpower”. A key element to this strategy is to encourage and inspire more businesses to export, by amplifying the voice of exporters and inform businesses of the advice and support available to them.
“At Newable, we’re helping businesses with their exporting needs by launching our very own consultancy; Export Engine”
Our specialist export team deliver a high-end, cost effective specialist international trade service, focusing on strategies, plans and results for businesses at every stage of their exporting journey. We plan to bring companies the boost of confidence and momentum they need to take advantage of global opportunities.