Exports are perhaps the simplest way to measure performance in the ‘global race’ and the UK has been doing extremely badly over the past two years. The Government like to blame the international economy for all our current woes but in reality many of our problems (government austerity, the squeeze on living standards) are domestic. Whilst the international climate is no doubt troubled, the UK is doing far worse than our peers when it comes to export performance. Whilst the global economy is in bad shape, other major countries are managing to export more.
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