To ask Her Majesty's Government what assessment they have made of the impact that the recent growth slowdown in key export markets could have on UK trade after Brexit.
25 March 2019
UK exports are growing, rising 2.7% (£17.0bn) to £636.6bn in the 12 months ending January 2019. In August 2018 we published the government’s Export Strategy, setting out how we will encourage, inform, connect and finance UK businesses of all sizes to enable them to succeed internationally in an increasing competitive environment.
The UK’s official government forecasts are published in the latest OBR projections. These show UK total export market growth of 3.3% and 3.5% in 2019 and 2020 respectively. Real export growth (excluding the effects of price inflation) is forecast at 1.4% and 1.7% in 2019 and 2020 respectively, and lower in the longer term.