UKEF, the UK’s export credit agency, has clarified key measures included in the Autumn Statement regarding financial support for UK exporters, as follows: “The new measures will see UKEF’s total risk appetite double to £5 billion and the maximum cover limit for individual markets increase by up to 100%, potentially resulting in as much as…
The number of small to medium-sized exporters that expect to continue growing their overseas sales has fallen following the EU Referendum, according to the latest Business in Britain report from Lloyds Bank. However, the report shows that overall prospects are still positive and export experiences over the last six months have improved, with the US…
In its first economic forecast since the EU referendum, the British Chambers of Commerce (BCC) has downgraded its UK GDP growth forecast from 2.2% to 1.8% in 2016; from 2.3% to 1.0% in 2017 and from 2.4% to 1.8% in 2018. Weaker consumer spending and a large fall in investment were the main reasons for…
The EU Commission has published details on how businesses, including those in the UK, can get better access to the technologies that will help them to modernise. The package includes improving access to cloud computing and services, data analytics and the Internet of Things. Four areas of working are suggested as follows: •digitising European industry,…