Export day needed

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AN unexpected worsening in the UK’s balance of trade in May has given greater impetus to High MP Andrew Bingham’s campaign to get local businesses exporting more.

The overall deficit for the month was £4.1bn, according to the Office for National Statistics, up from £3.1bn the month before.

The overall goods deficit, excluding services, rose to £8.5bn - well above the £7.4bn expected by analysts.

“With the difference between imports and exports widening last month, it’s more important than ever that UK companies either export more or start to export for the first time,” said Mr Bingham.

“The Business Export Seminar that I’m hosting in association with UKTI on Wednesday September 19 is intended to help local businesses do just that. A lot of local businesses have told me that they’d like to start exporting, but don’t know how to begin, so I hope that this event will give them the information and confidence they need to start exporting and grow their businesses.

“If we can get more businesses in the High Peak and across the country exporting, this will help to close the trade gap, and help improve the economy at the same time.”