Published by Business Money
Doron Cohen, CEO of Covercy, said:
“There’s no doubt that exports have languished in the last couple of years. Now that Brexit is a reality, the pressure will be on the government to open up new trade routes and recent progress with non-EU countries is to be welcomed. “However, it is not only government who need to shape post-Brexit Britain, exporters really need to look at this as an opportunity to expand and grow their businesses into new and exciting markets.
“Far from being ‘lazy and fat’ as claimed by international trade secretary Dr. Liam Fox, I think the sharp decline in the value of sterling will really act as a catalyst for exporters to look outside the EU for new trade partners, which will ultimately benefit Britain hugely. As strange as it sounds, Brexit may be a blessing in disguise for UK exporters, as it’s now probably the best time to sell their goods and services overseas for decades.”
Meanwhile, research from Covercy today also reveals the extent to which UK exporters have been paying well over the odds for international payments, hampering their abilities to expand in a post-Brexit world….