Exports

(asked on 18th September 2023) - View Source

Question to the Department for Business and Trade:

To ask His Majesty's Government what assessment they have made of the forecast by the Office for Budget Responsibility on 15 March that UK exports are due to fall by 6.6 per cent this year.


Answered by
Lord Offord of Garvel Portrait
Lord Offord of Garvel
Parliamentary Under Secretary of State (Department for Business and Trade)
This question was answered on 2nd October 2023

We consider the OBRs forecasts in the context of our commitment to drive forward export growth and achieve our ambition to reach £1 trillion exports by 2030.

UK exports increased by 16% in current prices to £849bn in the 12 months to July 2023, compared to the previous 12 months.

This growth won't stop there, as my Department continues to support companies to export through our Export Support Service, International Trade Advisers and the Export Academy. Through Government and Business working together, we can continue to grow and achieve our ambitions.

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