BCC: Move Towards Export-Led Growth Not Sufficiently Strong
12th January 2010
Commenting on the November trade figures published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:
"Although these figures show a welcome improvement in UK exports, it is clear that the much-needed rebalancing of the UK economy is not proceeding quickly enough.
"Given the favourable global background for British exporters - with a competitive Sterling exchange rate and robust growth returning in our key trading partners - our overall trading performance is still weak.
"To strengthen Britain's global position, the Government must support our exporters more effectively, as many other countries are doing, and it must reinforce measures aimed at ensuring that sufficient trade finance and insurance are readily available."
For further information please contact the BCC press office on 020 7654 5813 or 07825 746812.
ONS: The UK's deficit on trade in goods and services was £2.9 billion in November, compared with a revised deficit of £3.1 billion in October. http://www.statistics.gov.uk/cci/nugget.asp?ID=199
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