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Encouraging trade data, but more support needed for exporters - CBI
Commenting on the UK trade data for March 2013, which showed the trade deficit narrowed to £3.1bn from £3.4bn in February, CBI head of exports policy Jim Bligh said:
“These encouraging figures show that businesses are stepping up efforts to explore new markets outside the EU.
“However, monthly trade figures are only part of the picture, which reveals the underlying trend for exports growth is flat. With total exports to the fast-growing BRIC economies still only making up 7% of the UK’s total, the same as the amount we export to France, we still have a long way to go before exports are really driving economic recovery.
“The Government must urgently prioritise support for growing companies with the potential to enter new markets, by making export finance schemes easier to access and introducing an incentivising tax break for new market exploration.”
Note to Editors:
The CBI is the UK's leading business organisation, speaking for some 240,000 businesses that together employ around a third of the private sector workforce. With offices across the UK as well as representation in Brussels, Washington, Beijing and Delhi the CBI communicates the British business voice around the world.
