How do we persuade more British businesses to tap into potentially lucrative export markets overseas?
The official government target is for Britain’s exports to double to £1 trillion a year by 2020 – but that currently looks to be a very ambitious objective.
In fact, research published in July by the Institute of Chartered Accountants in England and Wales (ICAEW) suggests the proportion of British businesses selling products and services overseas has remained more or less constant over the past four years, at around 50 per cent. Moreover, of those businesses not currently exporting, just 2 per cent said they intended to begin doing so over the next 12 months.
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