Julian David, CEO at techUK, today writes to Graham Cole, submitting a series of recommendations to inform the independent Cole Review on Exports. The independent review by Graham Cole, Chairman of AgustaWestland UK will report to the Shadow Chancellor Ed Balls MP and the Shadow Business Secretary Chuka Umunna MP in the next month. The review has particularly called for inputs from trade associations.
In his letter Julian David writes, "The UK's exporting capabilities will be a key component of rebalancing the economy; ensuring that we have a trade surplus and not a trade deficit... As emerging markets mature, we believe the UK tech sector should be positioned alongside the traditional big export sectors - pharmaceuticals, financial services, education - in any forward approach".
Outlining a number of recommendations drawn from Securing our Digital Future: the techUK manifesto for growth and jobs 2015-2020and The Scale-Up Report on Economic Growth, Julian David highlighted that whilst UK consumers conduct more eCommerce than the rest of Europe combined, the UK must have a national exports strategy which moves the UK from a net consumer to a net exporter of information economy products and services. A thriving technology industry additionally helps businesses in the export markets across the wider economy. David added that the Digital Single Market and the UK's role in Europe will be factors in the sector's attitude toward exporting, both for SMEs and larger firms.
Click below to read the letter in full.
Read more about techUK's Trade and Export programmes here
techUK will continue to engage with the major political parties on the priorities facing the technology industry ahead of the 2015 UK General Election. For further information, contact Paul Hide (Director of Operations, leading on techUK's Exports programmes) and Charlotte Holloway (Head of Policy). Press queries should be directed to Lucie Smith (Senior PR Manager).
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