Press release: Dr Fox on latest trade figures

According to the latest independent statistics, released by the ONS on Monday, 11 June, UK exports rose 7.4% (£43.3 billion) to £625.4 billion to the end of April 2018 compared to the same time last year.

Exports continue to grow faster than imports for the tenth month continuously with the overall trade deficit narrowing by £6.7 billion from £37.5 billion to £30.8 billion.

The country’s renowned service sector continues to thrive with exports up 7.5% to £282.6 billion, increasing the service surplus to £108.7 billion.

Goods exports also rose strongly by 7.4% to £342.8 billion.

International Trade Secretary Dr Liam Fox MP said:

Far from the gloom some people report, today’s trade figures show in the year to April 2018 the trade deficit narrowed by £6.7 billion as overall exports rose by 7%.

If we look on a stable longer term basis, the growth was driven by both the UK’s renowned service sector which saw exports rising by 7.5% to £283 billion and UK goods exports which grew by 7.4%.

For the first time as a dedicated trade department, we’re able to provide comprehensive support to British exporters – helping make sure they meet the global demand for our top-of-the-range high quality goods and services.

The figures follow separate analysis released by HMRC (7 June) which found the number of VAT-registered businesses exporting goods in England, Scotland, Wales and Northern Ireland is at 109,000 – a rise of 4.1% from the previous year.

The figures also reveal:

  • exports of goods from England increased by 6.5% to £244.6 billion
  • in Scotland, goods exports increased by 12.1% to £28.8 billion
  • in Wales, goods exports increased by 7.1% to £16.4 billion
  • in Northern Ireland, goods exports increased by 4.9% to £8.5 billion

In the first months of 2018, the average value of goods exported per exporter was £750,000.

Businesses were also taking advantage of global interest as the number exporting to non-EU countries rose to over 47,000. The most popular non-EU destinations include the USA, that 19.2% of exporters sold goods to, Australia (7.3%) and Switzerland (7.2%).

Further information:

Link: Press release: Dr Fox on latest trade figures
Source: Gov Press Releases

The A55 Trunk Road (Slip Roads between Junction 2 (Tŷ Mawr Interchange), Holyhead, Anglesey & Junction 11 (Llys y Gwynt Interchange), Bangor, Gwynedd) (Temporary Prohibition of Vehicles, Cyclists & Pedestrians) Order 2018 / Gorchymyn Cefnffordd yr A55 (Ffyrdd Ymuno ac Ymadael rhwng Cyffordd 2 (Cyfnewidfa Tŷ Mawr), Caergybi, Ynys Môn a Chyffordd 11 (Cyfnewidfa Llys y Gwynt), Bangor, Gwynedd) (Gwahardd Cerbydau, Beicwyr a Cherddwyr Dros Dro) 2018

Link:

The A55 Trunk Road (Slip Roads between Junction 2 (Tŷ Mawr Interchange), Holyhead, Anglesey & Junction 11 (Llys y Gwynt Interchange), Bangor, Gwynedd) (Temporary Prohibition of Vehicles, Cyclists & Pedestrians) Order 2018 / Gorchymyn Cefnffordd yr A55 (Ffyrdd Ymuno ac Ymadael rhwng Cyffordd 2 (Cyfnewidfa Tŷ Mawr), Caergybi, Ynys Môn a Chyffordd 11 (Cyfnewidfa Llys y Gwynt), Bangor, Gwynedd) (Gwahardd Cerbydau, Beicwyr a Cherddwyr Dros Dro) 2018

Source: Legislation .gov.uk

The A487 Trunk Road (Treborth Road, Bangor, Gwynedd) (Temporary Traffic Prohibitions & Restrictions) Order 2018 / Gorchymyn Cefnffordd yr A487 (Ffordd Treborth, Bangor, Gwynedd) (Gwaharddiadau a Chyfyngiadau Traffig Dros Dro) 2018

Link:

The A487 Trunk Road (Treborth Road, Bangor, Gwynedd) (Temporary Traffic Prohibitions & Restrictions) Order 2018 / Gorchymyn Cefnffordd yr A487 (Ffordd Treborth, Bangor, Gwynedd) (Gwaharddiadau a Chyfyngiadau Traffig Dros Dro) 2018

Source: Legislation .gov.uk

Press release: Minister for Women joins procession through London

On Sunday 10 June, the Minister for Women joined thousands of women and girls as they walked together through London as part of a mass participation artwork to mark the centenary year of women’s suffrage.

Processions took place in London, Belfast, Cardiff and Edinburgh, with participants wearing either green, white or violet – the colours of the suffrage movement – to give the appearance of a flowing river of colour through the cities’ streets.

Nearly £210,000 of UK Government funding went towards commissioning women artists to work with organisations and communities across England to create centenary banners for the London Procession as part of an extensive public programme of creative workshops.

Minister for Women Victoria Atkins said:

Yesterday’s processions have the potential to go down in history, just as the processions 100 years ago, and to serve as a legacy for us all to build on.

It is vital that we all play our part in celebrating our history, paying tribute to those who sacrificed so much to shape our country, and reigniting our determination to build on the great work of the great women who have gone before us.

Link: Press release: Minister for Women joins procession through London
Source: Gov Press Releases