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UK is now a service exporter, Catherine McBride writes

UK is now a service exporter, Catherine McBride writes
UK predominantly a service exporter now

The United Kingdom is now predominantly a service exporter, with 57 percent of its exports consisting of services that are not affected by European Union 'red tape.'

Catherine McBride made this assessment, addressing what she described as a lack of understanding among some UK politicians and journalists about the UK's trade position. She also referenced UK goods exports but did not provide further detail in the available statement.

McBride has previously criticized estimates on the economic impact of a potential EU Reset, describing projections of gains up to £150 billion as overstated in one article. In another piece, she questioned whether the UK should risk losing a £28 billion industry in efforts to reduce supermarket import costs, citing possible trade-offs for domestic sectors in her analysis. These prior assessments add context to her recent comments on the UK's export mix.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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