Month: October 2018

Foreign Secretary Jeremy Hunt has arrived in Switzerland for the first bilateral visit by the UK’s most senior diplomat since 1996.

Both the UK and Switzerland are renegotiating their relations with the EU, with both seeking to protect national sovereignty whilst holding high ambitions for close co-operation with the EU across a broad range of areas.

The UK and Switzerland enjoy close ties through trade, culture and shared values, and work closely together to tackle many global challenges of the present day.

The Foreign Secretary said:

Both the UK and Switzerland are proud, independently-minded nations, but we both understand the value of having a deep and close relationship with the EU.

While our own EU exit negotiations progress, we are also working hard with our friends in Switzerland to ensure our bilateral relations continue to flourish for many years to come.

Trade between our two countries is worth more than £30 billion a year; together we host all of the ‘top 10’ universities in Europe; and we continue to unite in tackling many global issues, including modern slavery and cyber crime.

This visit will allow me to continue important discussions with the President and Foreign Minister on the huge potential for greater co-operation between two great European nations.

Further information

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Office for National Statistics (ONS) figures show demand for British services continues to grow, as exports swelled to £286 billion in the year to 2018 Q2.

The data indicates UK service exports to the world rose by almost £19 billion – an increase of 6.9% compared to the same time last year.

Figures released today (24 October 2018) reflect an increase in exports to important trading partners including USA, Australia and South Korea.

The latest services surplus in the year to 2018 Q2 has also reached a new high, increasing to £117 billion – up 11.3% on last year. Other main points from today’s release include:

• Service exports to Non-EU countries have increased by 4.5% to 167 billion. A fast-growing contributor was South Korea where the total value of exports in services increased to £2.4 billion.
• The USA remains the UK’s top services destination, with exports increasing to £59 billion, accounting for 20.6% of total exports.

International Trade Secretary Dr Liam Fox MP said:

Today’s trade figures show demand for UK services overseas continues to soar. Overall services exports have risen to £286 billion – up 6.9% on this time last year, while the trade services surplus has also increased to £117 billion.

There is clear appetite for British services further afield, as the US and Far East offer some of the greatest growth prospects of the 21st century. As we formulate an independent trade policy for the first time in more than 4 decades, my international economic department will continue to make sure British companies are not only seizing these opportunities, but also thriving from them.

The news comes after the launch of the government’s Export Strategy, which sets out a new ambition to increase exports as a proportion of UK GDP to 35%, making the UK one of the G7’s most successful exporters.

A Downing Street spokesperson said:

The Prime Minister spoke to King Salman today (24 October) to reiterate the UK’s grave concerns about the murder of Jamal Khashoggi in the Saudi consulate in Istanbul.

The Prime Minister said the current explanation lacks credibility so there remains an urgent need to establish exactly what happened. She strongly urged Saudi Arabia to cooperate with the Turkish investigation and to be transparent about the results. It is important that the full facts are established.

The Prime Minister also reiterated that all individuals bearing responsibility for the killing of Mr Khashoggi must be properly held to account.

She said the Home Secretary is taking action against all suspects in the murder of Mr Khashoggi to prevent them entering the UK. If these individuals have visas, they are being revoked.