Companies urged to boost economy through exports
FIRMS are being urged to export more goods to help the UK achieve a sustainable economic recovery and stop the country becoming a "bit part player".
Business Secretary Vince Cable will tell an industry conference that the economic outlook is promising, so it is time for business to "step up."
In a speech to the British Chambers of Commerce (BCC) annual conference, the minister will say there is only so much spare domestic demand that UK businesses can meet. "If we don't broaden our horizons, we consign ourselves to the certain fate of becoming a marginal, bit-part player in the global economy.
"Yet, despite our best efforts – and those of our partners, like the BCC – there are up to 150,000 UK firms with the potential to export who are failing to exploit the available opportunities. This situation cannot persist."