Sunny

Sunny

max temp: 24°C

min temp: 17°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.

shares

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

shares

0 comments

The Bishop Of Ely, the Rt Rev Stephen Conway, centre, at the hospice site dedication in Cambridge with Mark Hart, construction director at Barnes Construction, right,  and Stuart Evans, chair of the trustees of the Arthur Rank Hospice Charity.
Photo: Paul Nixon Photography

An act of dedication has taken place to mark the start of contruction work on a new £10.5million hospice in Cambridge, which is being built by Ipswich-based Barnes Construction.

Ian Carr, chief executive of Prettys

Regional law firm Prettys has reported a 13% increase in revenue for the year to April 30.

The Lord Lieutenant of Suffolk, Clare, Countess of Euston, presents the Queen's Award for Enterprise to Seafast.

Specialist logistics company Seafast was yesterday presented with the Queen’s Award for Enterprise.

Ipswich Station hanging baskets Shows (L-R) Jackie Rathbone, Abellio Area Ticket Office Manager; Kris Collins, Thompson & Morgan Comms Officer;  Ric Staines ActivGardens Lead Horticulturist and Trainer,

Stunning floral displays are welcoming passengers at Ipswich, Stowmarket and Diss rail stations this summer thanks to a partnership between local charity ActivLives and train operator Abellio Greater Anglia, with help from Ipswich’s own horticultural company Thompson & Morgan.

Oliver Crichton and Ruth Sunaway of Birketts.

East Anglian law firm Birketts has announced the promotion of five senior associates to partner status across its four offices, including Oliver Crichton and Ruth Sunaway in Ipswich.

Carolyn Fairbairn, who is to become director general of the CBI.

A former member of the Number 10 Policy Unit is to become director general of the CBI.

Spending on drinking and eating out remained robut during May, according to the latest Greene King Leisure Spend Tracker report.

Most Britons are planning to holiday in the UK rather than overseas as they continue to monitor their spending carefully, according to a new survey.

Bury St Edmunds coffee company Frank and Earnest is among more than 100 start-up firms to have received support under Menta's Enterprise Engagement Programme.

Bury St Edmunds-based enterprise agency Menta has completed a project to support start-ups during their first year in business.

Lieutenant Aaron Lewis from Rochford, who was killed in Afghanistan in 2008 and in whose memory the Aaron Lewis Foundation has been established to support llocal and military charities through sporting and social endeavours.

The regional arm of David Wilson Homes has raised £17,000 at a golf day, held at Stoke by Nayland, for a charity set up in memory of a soldier.

The Vivo 80 model for which Sudbury-based Specflue won an award at the Home and Hearth Exhibition Awards.

Sudbury-based chimney and flue supplier Specflue has received an award for excellence in the design, innovation and quality of its products.

Most read

Most commented

Topic pages