Experts welcome export changes

Matthew Wilcox our consultant managing the role

Changes to UK export regulations are being welcomed by specialists, who claim that efforts by UK Trade and Investment (UKTI) are starting to pay dividends and extra funding announced by chancellor George Osborne in the recent Budget is "a positive step".

However, lord mayor of London Fiona Woolf has warned the UK faces falling behind the rest of the world unless further urgent action is taken.

She explained that Britain has historically "punched above its weight" as a small island nation regarding global trade and commerce, with exports driving the economy since Roman times.

Writing a City Matters piece for CityAM, Ms Woolf pointed out that although exports to non-EU countries from the UK had risen by 23 per cent since 2010, nations such as Germany are performing even better and "the chancellor was absolutely right last week, when he stressed the need to up our game during his Budget statement".

The Confederation of British Industry (CBI) echoed Ms Woolf's sentiments in its reaction to Mr Osborne's 2014 Budget, stating that it will "put wind in the sails of business investment, especially for
manufacturers" and "will help businesses hungry to invest and export".

On UK Export Finance, the business organisation suggested plans to double the direct lending scheme and reduce interest rates will strengthen British sales overseas and called on ministers to promote schemes more effectively to fast-growing companies.

Ms Woolf also praised the chancellor for increasing the UK Export Finance programme to £3 million, stating it will enable firms to "succeed in key overseas markets".

"I have just returned from Turkey, where I saw first-hand the stellar work that UKTI is doing to identify opportunities for British firms to share knowledge and best practice – from infrastructure finance to legal services," she explained.

In addition, the CBI pointed to the decision to simplify air passenger duty and reduce it on a series of long-haul flights as assisting those selling internationally, but insisted that more still had to be done to "cut costs on short- and long-haul routes and help exporters get a leg up in new markets".

11/04/16
posts

Related articles

What's the latest on recruiting senior finance and accounting professionals?
What's the latest on recruiting senior finance and accounting professionals?

Teaser

Finance & Accounting

Content Type

General

25/04/24

Summary

Over the years, we have developed a strong reputation as a leading Senior Finance and Executive Search firm. We’re proud to have well-established teams of finance and accounting recruitment cons

Teaser

Our employment update for senior accounting and finance professionals.

Read full article
Neil Burton

by

Neil Burton

Neil Burton

by

Neil Burton

How technology is impacting the future of risk and compliance jobs
How technology is impacting the future of risk and compliance jobs

Teaser

Governance

Content Type

Fintech

18/04/24

Summary

The role of risk and compliance in financial services  As a sizeable, growing portion of the financial services sector, risk and compliance play a vital role in ensuring that firms conduct busine

Teaser

With no signs of slowing down, strong risk and compliance is now more important than ever.

Read full article
David Clamp

by

David Clamp

David Clamp

by

David Clamp

What does the future hold for private equity?
What does the future hold for private equity?

Teaser

Executive Search

Content Type

General

18/04/24

Summary

Private equity (PE) is a growing industry that has always attracted ambitious top talent due to its high risk/high gain capital investment. Pre-covid, we saw the global private equity industry b

Teaser

Learn about emerging private equity job opportunities and more.

Read full article
Tracey Alper

by

Tracey Alper

Tracey Alper

by

Tracey Alper

jobs

Related jobs

Fund Controller - Renewables (6m Contract)

Salary:

+ pension & benefits

Location:

City of London, London

Industry

Investment Management

Qualification

Fully qualified

Market

Financial Services

Salary

£80,000 - £100,000

Job Discipline

Newly Qualified Finance

Contract Type:

Contract

Description

Fund Controller - Renewables - 6m Fixed Term Contract

Reference

BBBH180368

Expiry Date

01/01/01

Paul Roche

Author

Paul Roche
Paul Roche

Author

Paul Roche
Find out more
Fund Controller - Private Credit Funds

Salary:

£65,000 - £75,000 per annum

Location:

London

Industry

Private Equity

Qualification

Fully qualified

Market

Financial Services

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Fund Controller - Private Credit An excellent opportunity has arisen within a big player in the private credit sector who looking to hire a Fund Controller.

Reference

BBBH179469

Expiry Date

01/01/01

Paul Roche

Author

Paul Roche
Paul Roche

Author

Paul Roche
Find out more
Corporate Tax Accountant (4 month contract)

Salary:

Up to £400 per day

Location:

London

Industry

Investment Banking & Capital Markets

Qualification

Fully qualified

Market

Financial Services

Salary

£350 - £450

Job Discipline

Tax

Contract Type:

Contract

Description

Corporate Tax Accountant (4-6 month contract)

Reference

BBBH178574

Expiry Date

01/01/01

Paul Roche

Author

Paul Roche
Paul Roche

Author

Paul Roche
Find out more
Regulatory Reporting Accountant - Banking (Contract)

Salary:

£375 - £450 per day

Location:

London

Industry

Investment Banking & Capital Markets

Qualification

Fully qualified

Market

Financial Services

Salary

£350 - £450

Job Discipline

Qualified Finance

Contract Type:

Contract

Description

An international corporate bank is currently seeking a regulatory reporting accountant to join their finance team on a contract basis.

Reference

BBBH180315

Expiry Date

01/01/01

Paul Roche

Author

Paul Roche
Paul Roche

Author

Paul Roche
Find out more
Deputy Finance Director

Salary:

£80,000 - £88,000 per annum + £7,000 Car Allowance + Benefits

Location:

Wilmslow, Cheshire

Industry

Technology

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Deputy Finance Director role working for an international technology business based just outside Wilmslow paying around £85,000 with car allowance.

Reference

BBBH179742

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Group Reporting Manager

Salary:

£65,000 - £73,000 per annum + Excellent Benefits Package

Location:

Manchester, Greater Manchester

Industry

Consumer & Retail

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Group Finance Manager role paying circa £70,000 based in Manchester city centre for a listed organisation offering a hybrid working model.

Reference

BBBH180230

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
View all jobs