Partly Cloudy

Partly Cloudy

max temp: 22°C

min temp: 14°C

ESTD 1874 Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

Suffolk: Chamber trade group chairman David Redhead welcomes improved balance of trade data

17:34 10 February 2014

David Redhead.

David Redhead.

Archant

Suffolk Chamber of Commerce has welcomed a strong improvement in the UK’s balance of trade in the final month of of the business group’s “Exporting is Good for Suffolk” campaign.

The Office for National Statistics (ONS) estimates that the deficit narrowed to around £1billion in December, compared with £3.6bn in November.

A deficit of £7.7bn in trade on goods was offset by a surplus of £6.7bn on services, with the figures benefiting both from a 2.1% increase in exports and a 3.8% decline in imports.

David Redhead, chairman of Suffolk Chamber’s Suffolk International Trade Group, said: “The large fall in the trade deficit is very encouraging; it shows that the hard work and entrepreneurial spirit of companies across Suffolk and the UK are increasing exports.

“The goods deficit with countries outside the EU has narrowed in each of the last six months, and exports to these countries are also growing.

“Our campaign for 2013 was ‘Exporting is Good for Suffolk’, which received personal endorsement from the Prime Minister. As part of the campaign we supported firms in making the most of exporting opportunities and to win more business overseas,” said Mr Redhead.

“There is no doubt that Suffolk can be proud of its ports and logistics, which drive the local economy and that of UK plc forward. If you are a company looking to grow sales, create extra jobs and increase profits then exporting is the way forward.”

Suffolk Chamber’s “Exporting is Good for Suffolk” campaign ran throughout 2013 and involved a number of events at which successful exporters based in the county shared their experiences and encouraged other local firms to start exporting for the first time or to target additional export markets.

Besides the endorsement of the campaign by Prime Minister David Cameron, Lord Green, then the Government’s International Trade Minister, also attended one of the chamber’s events

Search hundreds of local jobs at Jobs24

0 comments

Confidence among manufacturing firms has dropped since the vote to leave the European Union, says a report.

Confidence among manufacturing firms has dropped since the vote to leave the European Union, putting the sector’s recovery in jeopardy, says a report.

A computer-generated image of how the Sizewell complex will look after construction of Sizewell C.

Britain is set to get its first new nuclear power station in generations as EDF’s directors approve investment in Hinkley Point.

Damian Lewis as Bobby

Game Of Thrones broadcaster Sky has brushed aside economic uncertainty surrounding Britain’s referendum on the European Union to drive up revenues and profits.

Almost 400,000 customers deserted British Gas in the first half of the year as its parent firm, Centrica, saw profits take a dive.

Almost 400,000 customers deserted British Gas in the first half of the year as its parent firm, Centrica, saw profits take a dive.

Suffolk Chamber of Commerce chief executive John Dugmore unveiling the chamber's new-look branding at a summer garden party held at Willis Towers Watson Rooftop Garden in central Ipswich.

Suffolk Chamber of Commerce has unveiled its new branding and identity at a ceremony in Ipswich.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24