Exports to rest of world up 13.2%. So Gideons a disaster then is he?

Conrad

http://www.scotsman.com/business/economics/uk-now-exporting-more-to-rest-of-world-as-eu-suffers-1-2416861

It is a trend set to continue, according to a study carried out by the CEBR for insurer RSA, which predicted export growth of 30 per cent to Asia, more than 40 per cent to Latin America and more than 60 per cent to Africa over the next five years.

The increasing exposure of British exports to fast-growing economies is expected to transform the UK balance of payments, especially as imports are likely to be restrained by the squeeze on disposable incomes.


The latest figures show that, in the last quarter, exports to the EU were down by 7.3 per cent on a year-on-year basis, while goods shipped to non-EU countries were up by 13.2 per cent.

...........................


Good things come to he that waits.
Any tool can borrow and pay more interest to Bankers to appease the crowd.

RenovationMan

Good news. Takes time to change an economy too reliant on financial and services, it's just a shame that many people think that it can be done overnight.

Generali

Conrad wrote: »

http://www.scotsman.com/business/economics/uk-now-exporting-more-to-rest-of-world-as-eu-suffers-1-2416861

It is a trend set to continue, according to a study carried out by the CEBR for insurer RSA, which predicted export growth of 30 per cent to Asia, more than 40 per cent to Latin America and more than 60 per cent to Africa over the next five years.

The increasing exposure of British exports to fast-growing economies is expected to transform the UK balance of payments, especially as imports are likely to be restrained by the squeeze on disposable incomes.


The latest figures show that, in the last quarter, exports to the EU were down by 7.3 per cent on a year-on-year basis, while goods shipped to non-EU countries were up by 13.2 per cent.

...........................


Good things come to he that waits.
Any tool can borrow and pay more interest to Bankers to appease the crowd.

It seems to me that this is a trend likely to continue as investors in exporting countries are increasingly unwilling to pay for net importers to consume.

My feeling is that we will see a gradual balancing of trade current accounts (what is often and incorrectly called the balance of payments on the news) across the world. That will be very bad news for the Germans and Chinese. The French may do well from the process.

ruggedtoast

How many of these British products are actually British? i.e. how many of them are made by British companies that won't offshore or relocate to save costs.

As far as I know Nissan cars and Pilkington glass are considered to be a be British exports, but if jobs have to go they certainly won't be shutting any factories in Japan.

FTBFun

This sort of thing might start to lead to a campaign for the UK to retreat from the EU into EFTA.

The way for us to get out of recession is to go back to being the trading nation we once were.

Generali

FTBFun wrote: »

This sort of thing might start to lead to a campaign for the UK to retreat from the EU into EFTA.

The way for us to get out of recession is to go back to being the trading nation we once were.

Still are. The UK is the 6th biggest exporter in the world.

JonnyBravo

ruggedtoast wrote: »

As far as I know Nissan cars and Pilkington glass are considered to be a be British exports, but if jobs have to go they certainly won't be shutting any factories in Japan.

Yeah sure, international companies make emotional decisions like that rather than what is best for their business.

For example a French car maker would always rather shut a car plant in Coventry than some less efficient ones in Paris.
If only there was an example.... oh hang on....

http://www.coventrytelegraph.net/news/coventry-news/2012/07/13/coventry-jobs-safe-as-peugeot-axes-8-000-92746-31384025/

Oh whoops. Looks like you were talking out of your hat.

Wookster

It is good news, but its not really the Chancellor's doing for the most part.

Businesses, including those with solid order books for overseas work are still finding it extremely difficult to access finance.

The 'market' is still failing in a number of areas, chiefly the delivery of houses - this is an area that the Chancellor could and indeed should make a huge priority rather than his comments about focusing "110% on growth."

A._Badger

It is good news but has absolutely nothing to do with the government which remains, as was the previous one, far better at impeding business growth than helping it.

Conrad

ruggedtoast wrote: »

How many of these British products are actually British? i.e. how many of them are made by British companies that won't offshore or relocate to save costs.

As far as I know Nissan cars and Pilkington glass are considered to be a be British exports, but if jobs have to go they certainly won't be shutting any factories in Japan.

I saw some figs on net income flows a while back and they indicated Britian had plant all over the world, meaning we too offshore in the same way Nissan do, so all in all probably nothing to fret about.

Conrad

A._Badger wrote: »

It is good news but has absolutely nothing to do with the government which remains, as was the previous one, far better at impeding business growth than helping it.

Yes, I'd like to see the promised bonfire of regulation. According to my MP's website, loads of regulations have been torched, but none of it thus far is sufficient to make me want to employ more folk. In the end I want as stress free life as possible and not years of sleepless nights over an impending staff tribunal. THIS is the point the left never get, I have ooman rights too, and my kids need an unstressed Dad. Regulation causes me as an investor way too much downside risk of added stress.

I am considering taking on a broker actually, but I've made it clear they must be self employed and responsible for all thier own regulation. To get around all the rules I think they will just have to pay me a rent or somesuch.

See this is the problem with over regulation, it compells people to bend rules.