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Budget 2016 | Ireland economic growth | Dutch e-commerce boom

Budget 2016
George Osborne delivers Budget 2016

On 16 March, Chancellor of the Exchequer George Osborne presented his 2016 Budget to Parliament.

According to Osborne, the latest Budget reduces the deficit, achieves a surplus and makes “the reforms needed so Britain is fit for the future.”

Our latest blog highlights the key points that will affect British businesses and international traders, including: revisions to UK and global growth predictions; devolution of powers to local regions; investment in transport and infrastructure; tax cuts and funding plans; and a revised outlook for world trade and export markets.


Exports boost Irish economy

Ibec, Ireland’s leading business lobby group, has announced that the country saw a 7.8 per cent boost to business in 2015. The growth is fuelled by high street spending and continued export demand. Goods and services exports were almost 14 per cent higher in 2015 compared to the previous year.

Ibec economist Gerard Brady commented that building regional economic resilience “can only be achieved by investing much more ambitiously in infrastructure in key centres and growing the exporting enterprise base in the regions.”

As the UK’s closest neighbour, Ireland is an ideal first step for British companies looking to trade with new markets.


Dutch e-commerce market booming

In 2015, consumers in the Netherlands made more than 142 million purchases online, valued at £12.44 billion in total – 16 per cent more than the year before. Popular products include food, toys (the fastest-growing product category), and fashion. 11 million people in the Netherlands shopped online last year, 65 per cent of the country’s total population.

This strong growth of e-commerce in the Netherlands – one of the most connected countries in the world with a strong appetite for high quality products – is fantastic news for British businesses looking to sell to this market through online channels.


Thursday 17 March 2016

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