The £1 trillion export target was a flop when first a government policy in 2012 and there's no reason to believe it is anything but a gimmick for the week now it is being re-announced. There is no export strategy. ft.com/content/b0d0d4…
"Made in the UK, sold to the world". That will be most of the ugly tower blocks currently going up around my part of London, though I don't suppose Ministers consider housing in their definition.
They probably think we'll sell £1 trillion of biscuits or something.
They probably think we'll sell £1 trillion of biscuits or something.
80% or more of global trade comes in supply chains, and the UK is the number two services exporter in the world specialising in the likes of education, finance, culture, sport and so on. Both of these facts appear inconvenient to the government.
Oh, and obviously if exporters from the UK face more barriers into nearby markets than exporters from all of our geographic competition then that is a problem not overcome by reduction on 5% tariffs on biscuits to a market on the other side of the world.
Fantasy trade politics.
Fantasy trade politics.
If only there was a part of the UK that had privileged access to the EU, a government that wanted to take advantage of this rather than threaten it, and the largest party of devolved government that thought attracting such business would strengthen their core political purpose.
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