UK export revolution welcome but hold off on a victory jig

David Cameron (right) drinks a toast at a contract signing with China in 2010. David Cameron has been practicing what he preaches, leading trade missions to Asia, forging new ties, paving the way for new deals.

We are told by the Centre for Economics and Business Research that "a revolution in the orientation of British trade" is now underway, with the UK exporting more goods to countries outside the EU than within it for the first time since the 1970s.

We've been enjoying a throw-back to the 1970s for some months now, after Britain was plunged into its first double-dip recession since 1975 in the first quarter of the year.

But this particular blast from the past will be welcomed by the Government and business trade bodies who have been endlessly calling for a shift to new markets since the crisis took hold in 2008.

resource:http://www.telegraph.co.uk/finance/economics/9411292/UK-export-revolution-welcome-but-hold-off-on-a-victory-jig.html

Posted in: Finance News