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Small businesses in Germany are being warned that too many are unprepared for Brexit and the potential disruption the UK leaving the EU will cause native firms. The warning primarily centres on financial services and access to financial products. Banks on the continent have been shifting market-related activities for some of their EU clients, such
UK fish exporters are being urged to sign-up to a new digital catch certificate service to ensure they’re able to continue selling to the EU in the event of a no-deal Brexit. Advice published by the Department for Environment, Food & Rural Affairs this month said that businesses should take action now to avoid issues
The number of UK firms exporting, and the value of exports, has increased once more year-on-year according to the latest DiT data. Figures from HMRC showed 110,800 VAT-registered businesses exporting last year, whilst the exports of goods across all four UK regions also increased. Scotland led the export growth charts with a 5.6% rise in
Over 70% of UK manufacturers have an export-based growth strategy for their business. That’s according to the latest Annual Manufacturing Report data from The Manufacturer, whereby 71% of manufacturers are actively seeking new markets to penatrate. The news is positive and highlights the resilience and optimism of exporting manufacturers in the UK in the approaching
Almost three-quarters of UK manufacturers have reported that Brexit is causing damage to long-term strategic planning and future business prospects. That’s the Brexit headline from the latest Annual Manufacturing Report produced by The Manufacturer in which 71% said Brexit uncertainty is damaging strategic planning and business prospects. Commenting in the report, Director at Cumbric Ltd
In the event of a no deal Brexit, it could take seven years to re-establish frictionless, tariff-free trade between the UK and EU. That’s the opinion of two leading EU law specialists who have warned that it might not be as simple as it sounds to simply default to World Trade Organisation tariffs should the
The UK has looked to sure-up its trading relationship with Chile after the signing of a new trade continuity agreement. Signed by Jamie Bowden, Ambassador to Chile an the Chilean Foreign Minister Roberto Ampuero on 30th January, the deal will see companies and consumers cotinue to benefit from preferental trading arrangements after Brexit. Trade in
Almost half of UK companies feel they are unprepared for a chaotic exit from the EU according to the Bank of England’s quarterly inflation report. The report, which quizzed 200 businesses about their Brexit preparations and readiness, found that half had begun planning for no deal and no transition, but half said they felt unprepared
More startups than ever are exporting from the get-go as a core businesses strategy. In fact, data from the Office for National Statistics show the number of exporting UK SMEs grew by nearly 7% in 2017 compared to the year previously, meaning 10% of all SME’s now export. Whereas it can be commonly thought to
UK exports have risen for a 32nd consecutive month on a 12-month rolling basis, worth £630 billion in the year to November 2018 according to data released this month from the Office for National Statistics. The continued growth has seen an additional £13.9 billion in value added to UK goods and services exports. There was
UK businesses exporting or importing with the EU have been urged by HMRC to apply for an Economic Operator Registration and Identification number so they can continue trading in the event of a No Deal Brexit. With Theresa May’s deal set to be voted on by Parliament tomorrow and the rhetoric having advanced to a
The Department for International Trade’s Export Strategy is to be reviewed by the International Trade Committee as part of an inquiry into the department’s support for exports. Chair of the Committee, Angus Brendan MacNeil, said the inquiry will look to review the strategy and ascertain whether or not it offers ‘sufficient levels of support to
When Theresa May met Chinese Premier Li Keqiang back in January this year, all reports suggest that the meeting was a glowing success. Some £9 billion in deals are expected to have been signed between the two nations as they discussed future trade and investment opportunities between China and the UK. Indeed, a new ‘golden
A new survey has found that UK SMEs are still hungry for international trade success in the face Brexit uncertainty. The research, called the UK SME Confidence Survey, commissioned by OFX and conducted by OnePoll, quizzed 500 UK SMEs owners and senior managers with employee counts ranging from 10 to 249. It found that 46%
Eight of the UK’s 10 industry groups saw export growth between 2015 and 2017 according to the latest data released by HMRC. The data, compiled from the Overseas Trade Statistics and Office for National Statistics, found that 151,000 UK firms exported goods and employing some 9.7m staff. Of the 10 industry groups, just two saw
New figures from the Office for National Statistics has shown the number of exporting UK SMEs increased by 6.6% in 2017 compared to the year before. Part of the Annual Business Survey, figures showed an increase in total exports to £637bn in September – an increase of 4.4% compared to the year previous, highlighting an
When Theresa May left the CBI conference last week she would have been forgiven for believing that businesses were on her side when it came to the Brexit deal she’s brought back from Brussels. Indeed, the CBI’s deputy director general, Josh Hardie, said in a statement that: “It appears that we’re on the cusp of
The boss of Rolls-Royce has urged politicians to back Theresa May’s draft Brexit agreement with time running out to agree any alternative. Joined by many other business leaders who came out publicly to back May’s Brexit plan, Mr East mirrored the sentiment of thousands of company leaders up and down the country in calling for
We were extremely pleased with the final report, which ran to some 450 pages, and covered in detail, country by country the information we required. It was laid out in a clear, concise manner, with logical summaries and inciteful analysis of the key data.
All in all the report has formed an invaluable basis for our decision–making process for this project and provides a robust benchmark upon which to gauge our progress.
I would not hesitate to recommend Go Exporting to anyone looking for support in expanding their business internationally.
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New research has uncovered small and medium-sized businesses trading internationally have grown at almost twice the rate as small firms selling within local markets. The study, carried out by the government’s export credit agency, UK Export Finance, found that firms trading domestically experienced an 8.4% growth rate over the last five years, compared to 15.2%
The ongoing trade war between the USA and China has seen imports into the US from China drop by 13% so far in 2019. Tariffs were the primary cause of the decline on imports from China, with Vietnam proving to be the biggest benefactor with exports to the States increasing nearly 35%, primarily in the
UK manufacturers are feeling the effects of a prolonged Brexit process as sales and orders drop into the negative, despite growth in the number of individual firms selling overseas. The British Chamber’s Quarterly International Trade Survey for Q3 2019 found that the percentage balance of manufacturers exporting internationally reporting order increases dropped from 9% to
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