The British Chambers of Commerce (BCC) has warned that small and medium-sized enterprises (SMEs) that export are facing ‘tightening pressure’ as a result of decreasing export sales. Most Small and Medium Sized Enterprise (SME) exporters report no improvement to exports, with 27% reporting decreased export sales in the quarter and 47% reporting no change. Only 26% of SME exporters saw increased export sales
New World Trade Organisation (WTO) rules are set to cut the cost of global trade by billions of pounds every year, it has been announced. The Department for International Trade (DIT) – who helped broker the agreement – said the deal represents a massive win for service businesses in the UK. Here’s what you need