Chancellor’s Autumn statement this Wednesday is expected to be low on unfunded
giveaways, given the economy’s structural deficit and the run-up to the general
elections in May 2015.
director of international payment specialist at Smart Currency Business, said:
economy is far off course to reach the Government’s target of £1tn exports by
2020. The Eurozone, the UK’s
largest export market, is still deteriorating economically, and UK businesses
need to look further afield.
government needs to spearhead initiatives to help UK businesses trade outside of the
Eurozone. Opportunities are currently more plentiful in emerging markets than
in the Eurozone, like China.
However, businesses need support to identify the most suitable markets for
them, get past barriers to entry, and trade successfully.
like to see the Government provide more help to UK exporters at these key stages.
These should be incorporated into the Autumn statement, along with a revised,
realistic export goal.”