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Low-key Spring Statement | Indonesia UKEF update | Ecommerce jargon buster

Chancellor Phillip Hammond’s upcoming Spring statement
The Treasury spokesperson this week outlined low-key plans for the Spring statement taking place on 13 March. Mr Hammond has decided to bring an end to the system that included both a Budget and a financial statement each year, instead opting for a short 15-20 minute statement.
The event will still set out updated UK economic forecasts but unlike most recent Budgets and Autumn Statements, it is being delivered on a Tuesday rather than following the more high-profile slot, after Prime Minister’s Questions, on a Wednesday.

Indonesia is first place to get UKEF Country Head based in-country
Indonesia has become the first country in the world to have a UK Export Finance (UKEF) Country Head to be based in-country. Richard Michael will be based in the British Embassy in Jakarta, leading UKEF’s efforts to grow the UK-Indonesia trading relationships, working closely with the teams involved.
Established in 1989 UKEF, the UK Government’s Export Credit Agency, helps buyers around the world to trade with UK suppliers by offering financing options. With a local presence in Jakarta, UKEF will be better placed to deliver competitive finance to Indonesian companies and public bodies doing business with the UK.
Make sense of ecommerce jargon
Struggling to tell the difference between your Ad Valorem and your Phytosanitary Certificate? With the logistics industry using complex terminology, if you’re running your own ecommerce business you would be forgiven if you thought you had entered a world with a whole new language.
We have created a handy jargon buster so that you can better understand some commonly used phrases and words.

Thursday 22 February 2018

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