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WEEKLY TRADE UPDATES

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With more businesses than ever seeking expansion opportunities overseas, 2018 was a successful year for trade and investment in the UK. Total exports reached £626bn with exports to non-EU countries growing to 54.2 per cent. The US remained the UK’s top single export market with exports increasing to £114bn. This follows the Department for International […]

The uncertainty around Brexit continues to be a challenge for businesses. Since the referendum in June 2016, we have been working closely with UK and EU legislators to ensure the requirements of businesses like yours that are trading internationally are fully understood. As international specialists we’re already in a strong position to support you through […]

New figures released on 6 December by HMRC have revealed that in the year ending September 2018, the number of businesses exporting goods in the UK has risen by 1.5 per cent from the same quarter in the previous year. The number of businesses exporting to non-EU countries in the latest quarter rose to 49,000 […]

On 30 November International Trade Secretary, Dr Liam Fox, called for MPs to look beyond current divisions and deliver Brexit. “Now is the time to raise our sights, and acknowledge that there is a world beyond Europe, and a time beyond Brexit.” The secretary also said that an extensive revolution in the patterns of trade […]

The New Zealand government have started gathering views about a free trade agreement with the UK. New Zealand’s Trade and Export Minister David Parker noted that the UK is one of New Zealand’s ‘oldest friends’ and that ‘a trade deal makes a lot of sense’. New Zealand and the UK have always had a very […]

On 14 November the UK and European Commission published the latest version of the draft Withdrawal Agreement. This document has since been discussed widely in Westminster but of the 585-page long agreement, what are the key points and what do they mean? The British Chambers of Commerce (BCC) have to put together an FAQ on […]

On Tuesday the International Trade Secretary Liam Fox made a speech at a forum held by Citi and the Financial Times. Despite many predictions of uncertainty surrounding trade following the referendum, Dr Fox informed the audience that UK exports have grown by £110 billion. We have also retained our position as the number one destination […]

Following some objections from WTO members with regards to the new and updated UK schedule, International Trade Secretary, Dr Liam Fox, wrote for the Telegraph to clarify misconceptions on World Trade Organisation negotiations. Dr Fox made clear that in the unlikely event of a “no deal” between the UK and the EU, the UK will […]

This week Chancellor Phillip Hammond presented the latest Budget to Parliament on 29 October. He announced a slight increase in growth forecasts, from 1.3 per cent to 1.6 per cent in 2019. The Chancellor did not focus on Brexit in his speech, but the government is providing £500 million of additional funding for departments to […]

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