Mr Osborne is urging leaders from some of America’s biggest investors to stick with the UK following its decision to leave the EU, offering up a golden opportunity “for them to help define an even stronger relationship with Britain.” The trading relationship between the UK and the US is pivotal: the US is the largest single destination for UK exports, and the UK is America’s largest trading partner in Europe. In 2014 UK exports to the US totalled £88 billion (17% of total UK exports) and last year, the UK was the US’s sixth largest trading partner.
George Osborne said “While Britain’s decision to leave the EU clearly presents economic challenges, we now have to do everything we can to make the UK the most attractive place in the world to do business. Britain and the US have been at the forefront of open trade in the last 200 years and pursuing a stronger relationship with our biggest trading partners is now a top priority."
The trip to the US is the first in a series with the Chancellor also leading a major trade mission to Singapore and China to discuss trade and promote investment into the UK ahead of the G20 Finance Minister’s meeting in Chengdu.
Source Gov.uk
Issued by: Enable Independent Financial Life Planners • 25c North Street, Bishops Stortford, Herts CM23 2LD • Telephone: 01279 755950 - Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE
No comments:
Post a Comment