Exporting to Europe from the UK
New figureshave revealed 60 per cent of all companies would now consider the EU as having the most growth opportunities for businesses in the UK, with all sectors now benefiting from an upswing in global trade.
Among the key findings, it was revealed that export orders continued climbing in the third quarter of the year, with three-fifths of firms noting positive demand conditions throughout Europe – the UK’s biggest market – almost unchanged from the second quarter and up from the 47 per cent seen 12 months ago.
This has all had a knock-on effect for industry in the country, leading to a hike in both recruitment and investment intentions, with more companies taking on more new recruits and investment prospects and capital expenditure plans more than doubling.
Chief economist at EEF Lee Hopley said: “There is little doubt that Brexit is likely to weigh on sentiment over the next 12 months with uncertainty over the UK’s terms of exit. As such, it is vital the government sends a signal to industry and investors in the UK and overseas that it is doing everything in its power to get growth of the UK economy back on the agenda. This must include a bold and ambitious cross -government industrial strategy.”
Where Brexit is concerned, senior government figures have just come out and said that the UK will not be able to renegotiate trade deals that are already in existence between the EU and third countries. Instead, they intend to ’ by some – in large part driven by a lack of resources to negotiate on deals that have already been signed by the EU and third countries.– which have been described as ‘