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NECC’s warning over exports

UK exporters are losing out in the global growth race according to the North East Chamber of Commerce (NECC), despite new figures today which reveal a rise in British exports.

The Office for National Statistics has released data showing UK exports grew by 1% in December, while the volume of imports is up 4.5% since November 2009.

This means the UK is importing £3.3bn more goods and services than it exports - a statistic which, according to the NECC, shows that the UK s punching below its weight at present considering the weak sterling.

The organisation has called on the Government to take decisive measures to provide far greater support for exporters so they can be a key driver of the UK economy.

Jonathan Walker, NECC policy adviser, said: “The growth in both exports and imports is a good indication that the overall UK economic recovery is continuing – people are buying and selling more. However, NECC is very concerned that UK exporters are struggling to keep pace with competitors abroad at a time when the playing field is tilted in our favour.

“The Government has to take urgent action to help exporters who are struggling to get competitive insurance to cover credit concerns when trading abroad.

“Greater support is needed to help firms find and exploit opportunities in the biggest growth markets across the globe.

“Finally, we have to remove the ridiculous extra tax burdens placed on foreign travel at a time when we have to look to worldwide markets for the future growth of the UK economy.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .