Sunny

Sunny

max temp: 5°C

min temp: 1°C

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.

shares

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

shares

0 comments

Detective Chief Inspector Barry Byford, of Suffolk Constabulary, said the reports of sexual offences in Ipswich south west were reflective of an increase in this crime area both in Suffolk and nationally.

The number of violent and sexual crimes being reported in south west Ipswich has more than quadrupled over the past two years.

Stafford Whiston (left) with murdered son Jay Whiston (right)

The father of a murdered Essex teenager was confronted by a knife-wielding man who came into his shop and threatened to kill him, a court has heard.

Rollerworld Colchester

A casting call to recruit keen skaters for a music video at Colchester’s iconic rollerblading venue has received 60 responses in just 24 hours.

Remnants of what is thought to be an 18th century ship found by Mark Hopkins on Thorpeness beach

Remnants of a what is thought to be a centuries-old shipwreck have resurfaced on the Suffolk coast.

Early morning sunrise at Southwold - visit the pier for a quirky day out

With Valentine’s Day nearly upon us, editor in chief Terry Hunt has shared his list of Suffolk’s top 10 romantic places - so there is no excuse not to make your beloved feel special.

How will you make your Valentine feel special this weekend?

A secret admirer has come clean about his feelings for a shop assistant in Ipswich - could you be the object of his affections?

An artist's impression of the street scene at Wolsey Grange.

Plans for hundreds of homes on the outskirts of Ipswich have been approved – despite being shot down at a previous meeting.

An early 'dishwasher' at the 1920 Ideal Home Show Exhibition - they don't build them like they used to

They don’t build them like they used - that is the sentiment of a Suffolk man who has finally scrapped his trusty dishwasher 27 years after it was first installed.

Beardmore Park.
lings

The relocation of a Martlesham garden centre, which had been facing closure, could pave the way for Marks and Spencer to expand its neighbouring store significantly.

St Mary-at-the-Quay church.

The medieval Waterfront building is undergoing a £5million transformation to become a multi-use community centre with a wellbeing and heritage centre theme.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Great British Life

Great British Life
MyDate24 MyPhotos24