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Written question asked by Lord Leong (Labour) on Monday, 18 September 2023, in the House of Lords. It was due for an answer on Monday, 2 October 2023. It was answered by Lord Offord of Garvel (Conservative) on Monday, 2 October 2023 on behalf of the Department for Business and Trade.


Exports

Question

To ask His Majesty's Government what assessment they have made of the forecast by the Office for Budget Responsibility on 15 March that UK exports are due to fall by 6.6 per cent this year.

Answer

We consider the OBRs forecasts in the context of our commitment to drive forward export growth and achieve our ambition to reach £1 trillion exports by 2030.

UK exports increased by 16% in current prices to £849bn in the 12 months to July 2023, compared to the previous 12 months.

This growth won't stop there, as my Department continues to support companies to export through our Export Support Service, International Trade Advisers and the Export Academy. Through Government and Business working together, we can continue to grow and achieve our ambitions.


Secondary information

Type
Written question
Reference
HL10253
Session
2022-23
Subjects
Exports
Contains statistics
Yes
Link
View this Written question on www.parliament.uk