UK can become exporting superpower

Britain can become a “21st century exporting superpower”, Liam Fox will claim as he outlines plans to encourage greater exports post-Brexit.

The International Trade Secretary who once accused UK businesses of being “lazy” wants to increase exports as a proportion of GDP from 30% to 35%. However, the department has not set a timescale for reaching this ambition.

Dr Fox told Sky News that there are 400,000 UK firms that could export but currently don’t, and that the UK needs to do more to exploit “the rise of the global middle class”.

Sky News

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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam