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 Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.