Export cheer from plummeting pound

More businesses are exporting products due to the fall in the pound.


More businesses are exporting products due to the fall in the pound.

More businesses are exporting products due to the fall in the pound.

The competitive exchange rate has sparked an interest in exporting, with Business Link’s online UK Trade Tariff tool having received a record 30,000 visits last month.

Michelle Mone, founder of Ultimo Bras, exports her products. ‘The market is starting to regain strength and the pound is at a competitive rate, so it’s a great time to explore the possibility of exporting and how this could enhance your business,’ she says.

Lord Davies of Abersoch, the Minister for Trade, Investment and Small Business, says: ‘Now is the perfect time for enterprising UK technology businesses, especially start-ups and small businesses, to look abroad at the myriad opportunities available. Exporting breathes life into our economy.’

Despite a recent jump in the pound to a month high of €1.107, it is still down compared with €1.43 the same time two years ago. 


For more information on the Trade tariff tool visit the Business Link website.

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