Rain

Rain

max temp: 11°C

min temp: 6°C

ESTD 1874 Search

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

Artist and pub sign designer George Taylor.

A piece of west Suffolk pub history is up for grabs at an auction in the town today.

Hattie Hopkins and Freddy Legg judging the best Christmas window in Framlingham.

Organisers of a Suffolk town’s “festive window competition” say this year’s success has confirmed its future as an annual Christmas event.

A120 at Marks Tey

The A120 could join the A12 at Rivenhall or Kelvedon instead of Marks Tey as potential routes for the new dualled road are revealed.

Avanti Group (UK) managing director Victoria Sharp

An Ipswich tax accountancy firm is celebrating after it was accepted as a provisional member of the British Franchise Association (BFA), a UK regulatory body for franchising.

Jonathan Adnams, chairman of Southwold brewer Adnams, has brewed a special beer to celebrate his 60th birthday, with six bottles set to be auctioned off for  the Adnams Community Trust.

The chairman of Southwold brewers Adnams is set to auction off six bottles of a beer specially made for his 60th birthday.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24