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Pound on the plunge again…

Looks like the pound is on the plunge again and it was welcome to hear Mervyn King joining the chorus of people calling for greater export in Britain. With massive debt both in the Government and consumer sectors, growth in the economy will not come from these areas. If we are to achieve economic growth it really needs to come from export.

You will see much more rallying cries to increase exporting over the next year or so, and that is because we  simply don’t have a sustainable economy without a net or surplus trade position (we are currently in a massive deficit!).

The current position of the pound puts the UK economy in a fantastic position to get foreign buyers to give British companies a chance to prove their worth, as it makes financial sense for them to do so and, contrary to popular belief it is actually quite easy to do.

I don’t say this just because the very core of our business is supporting global trade, it is from direct experience as over 70% of our own revenues are export related – and that is set to grow significantly.

All the UK economy needs now is for companies to peer over the shores and see the golden opportunites awaiting them in lands afar! As the head of one of the UK’s fastest growing companies (see number 23), I promise it’s not as difficult as we are led to believe.

         

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