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UK manufacturing exports grow | UK economy by 2030 | Export credit for Uganda

 
UK manufacturing enjoys strong export growth
 
Last week the British Chambers of Commerce (BCC) published its Quarterly Economic Survey after canvassing the views of more than 7,300 businesses on a wide range of business issues, including export sales and orders.
 
The results show the manufacturing sector has enjoyed solid growth, reporting an increase in domestic and export sales since last quarter. In fact, it’s reported to be the strongest export growth since late 2014.
 
The report also indicates that confidence among small British firms has climbed to the highest level in over a year.
 
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Make UK the world’s most competitive economy by 2030
 
One of Britain’s most powerful business lobby groups, the Confederation of British Industry (CBI), has urged the government to ramp up efforts towards making the UK economy the world’s most competitive by 2030.
 
In a report published by the CBI last Tuesday, they called on the government to present an industrial strategy. The CBI said that innovation and technology, as well as the ability of businesses to adopt these, were priorities in order to make the UK economy more productive.
 
Carolyn Fairbairn, the Director General of the CBI, said the UK should build on its “leading knowledge base” and “drive a renaissance” in manufacturing, creating “a wave of entrepreneurship” by making Britain the easiest place to establish and grow a business.
 
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Export credit for Uganda doubles
 
The UK has doubled its export credit for Uganda from £300 million to £600 million. The new finance support will be available through the export credit agency, UK Export Finance (UKEF).
 
On a recent visit to Uganda, the UK Trade Envoy, Dolar Popat, met with the Ugandan Trade Minister, Amelia Kyambadde, to discuss ways of improving trade between the two countries, which has been reported to have fallen in recent years.
 
In March, commonwealth trade ministers agreed to deepen economic ties and trade integration with former colonies by harmonising regulations to a “transparent, free and fair multilateral trading system.”
 
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Thursday 20 April 2017

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