Major UK export boost forecast for 2022

UK manufacturing exports will bring in around £176bn to the economy this year, according to a new study* from Barclays Corporate Banking. What’s more, the plans of manufacturers who don’t currently export to start selling their products overseas could see that total soar to £190bn a year by 2030.

The report follows on from earlier encouraging forecasts from Barclays Corporate, namely that “a willingness among consumers in key markets to pay a premium for British-made products and growing overseas demand for ‘Made in Britain’ goods, further enhances the appeal for UK firms to export – and could have a positive impact on return on investment”.

It's a case of ‘wait and see’ now to ascertain how accurate the forecasts are, but these are certainly positive noises.

* To read the full report, click here.

With best regards

Brian Wall, Editor
editor@machinebuilding.net