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Commercial Credit News
|FSB concern about trade deficit|
|Friday, 08 April 2016|
Commenting on the UK trade deficit for February which now stands at £4.8 billion, Mike Cherry, National Chairman at the Federation of Small Businesses (FSB), said: “Since the start of this year, the trade deficit has widened significantly and this is of serious concern. Indeed, recent FSB research shows a worrying decline in export performance among small businesses.
“Small firms can make a significant contribution to the government’s target to increase the value of exports to £1 trillion and support 100,000 new exporters by 2020. But the government must ensure that the decision to refocus UKTI’s role and make exports a priority across government departments provides the right kind of support for those looking to export.”
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