British Chambers of Commerce says exports will have to grow by 10% per year to meet target set in 2012
George Osborne will miss his target of doubling UK exports to £1tn by 2020 because the government has failed to take the radical action needed, a leading business lobby group has said.
The British Chambers of Commerce said exports would have to grow by 10% a year to meet the target set by the chancellor in 2012. The UK's export performance over the past two years indicates that double-digit growth is out of reach, said the BCC, with exports increasing by 0.5% in 2012, and by 2.1% in 2013 to £505.6bn.
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