Partly Cloudy

Partly Cloudy

max temp: 16°C

min temp: 9°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

The East of England Co-op has put in a planning application to demolish the building as part of a regeneration project.

The East of England Co-op has announced plans to demolish an unused building in Ipswich which will pave the way for more regeneration.

From left, apprentices Bethany Brame, Lydia Lloyd-Potts and  Josephine Brady, Greene King chief executive Rooney Anand, Robert Halfon MP and Jo Churchill MP.

Skills minister Robert Halfon MP has praised the commitment of Bury St Edmunds-based pubs and brewing group Greene King to apprenticeships.

Greenpeace has published a list of the UK's top 100 recipients of European Union farming subsidies.

A number of East Anglian estates and farm businesses are among those receiving hundreds of thousands of pounds under the European Union’s Common Agri-cultural Policy (CAP), according to analysis by environmental group Greenpeace.

Alton Towers in Staffordshire, whose owner, Merlin Entertainments, says it has

Alton Towers owner Merlin Entertainments said today it had “learned every lesson” from last year’s Smiler rollercoaster crash as it revealed that visitor numbers are still being affected.

The Coderus team at Innovation Martlesham

Two technology businesses based at BT’s Adastral Park complex at Martlesham Heath have teamed up to create an innovative security system.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24