A buoyant Liam Fox has promised no part of the UK will be left behind when new trade deals are put in place post Brexit.
The International Trade Secretary was in Scotland yesterday to promise businesses and communities in the north that “we’re creating an independent trade policy for the first time in forty years that will work for every part of the UK.”
The news comes as latest figures show exports have grown more than nine percent in the last year.
According to the ONS exports rose 9.2% to£628.8 billion from April 2017 to the end of March 2018.
The country’s renowned service sector continues to thrive with exports up 9% to £284 billion, increasing the service surplus to £109.2 billion.
Goods exports also rose strongly by 9.3% to £344.9 billion.
Exports continue to grow faster than imports with the overall trade deficit narrowing by £13.3 billion from £39.9 billion to £26.6 billion.
Separate data released by HMRC shows the UK’s exports of fuels (including coal, oil and gas) was £27.3 billion in the year to March 2018. The largest buyers of these goods include Netherlands, Belgium and China.
Sales of food and drink also continue to soar, with exports of Scotch whisky rising by 21% to £4.4 billion. Top markets for these goods were the USA, France and Singapore.
According to Fox, the figures present a positive outlook for the economy as the nation gears up to leave the EU:
“It’s clear evidence the world wants to buy high-quality UK good and services, and my department is putting the country in a position to benefit. That’s why I’m meeting Scottish businesses driving this export boom in sectors covering oil & gas and Scotch whisky to ensure we succeed on the global stage.
“As an international economic department, we’re creating an independent trade policy for the first time in forty years that will work for every part of the UK.”