The Telegraph: Domestic trade is driving the UK economic recovery

Posted On: April 22, 2014

From The Telegraph:

Over the last eight years, sterling has appreciated by 8pc and the Bank of England continues to voice concerns over the strength of the pound harming exports.

And it works both ways. The study also found that imports from Europe hit a new low. Only 57pc of SMEs bought from the UK's largest trade partner, compared with 59pc last quarter and 74pc in the first quarter of 2013, as British companies did more business with their neighbours.

"These results are an important confirmation of the domestic recovery and are a welcome sign that improving economic conditions are beginning to extend from big corporations to SMEs," said Christina Hamilton, managing director of Western Union Business Solutions.

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Category: Media Coverage


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