Exports rose by 5% in July
For a long time now we have been banging on about the fact that if Britain wants to get out of this recession and repair the big hole in the public finances, then we need to export more as a country.
The ironic thing is that for some time we’ve also had an amazingly favourable climate in which to increase exports.With the weakened pound and international businesses looking to reduce costs, UK PLC should have been at the forefront of export.
We weren’t – and that was acutely highlighted with the first quarter export figures showing a massive drop across most regions in the UK.
So, today I was ecstatic to see that finally UK PLC has peered over the borders and done some selling overseas! Exports showed a rise of 5% over June – cause for celebration? Possibly and I do sincerely hope so!
We still have a massive trade deficit and until the UK closes that gap we simply won’t fill that hole in the finances and, of course, there is still a long way to go. According to the National Institute for Economic and Social Research we should be officially out of the recession this quarter – could this also be to do with an increase in exports??
We’ve seen an increase in take up in our Export Box offering so I would like to think, as a UK based language services povider, we have had a hand in this recession recovery (however small), and will continue to help businesses big and small to get their products and services exported.
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