ONS UK Trade Figures – Barclays Corporate Comment
11 Jan 2012 09:39 GMT
Kah Chye Tan, Head of Trade and Working Capital at Barclays Corporate comments on today's ONS UK Trade statistics.
“The UK deficit remains volatile, and any glimmer of economic hope seen in the US is currently being countered by the economic and banking squeeze across the euro zone.
“Never has it been more important for UK exporters to look beyond Europe to the promised land of emerging markets. With India, China, and sub-Saharan Africa all expected to see GDP growth of at least 5 per cent over the next two years, the contrast with the UK’s traditional export markets remains stark.”
About Barclays Corporate
With a clear focus on quality relationships, Barclays Corporate provides integrated banking solutions to businesses with an annual turnover of more than £5 million in the UK and large local companies, financial institutions and multinationals in non-UK markets. We facilitate the success and growth of our clients by providing lending, risk management, cash and liquidity management, trade finance and asset and sales financing. Additionally, our clients benefit from the breadth of the Barclays Group, through access to the investment banking services of Barclays Capital including debt and equity capital markets, the private wealth management expertise of Barclays Wealth, and the card and payment services of Barclaycard. Barclays Corporate employs over 10,000 people globally. For more information please visit www.barclayscorporate.com.
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