MICHAEL Gove has a new government role promoting British business abroad – despite his involvement in Brexit chaos for exporters. The Cabinet Office minister is taking control of the GREAT campaign, which was previously under Liz Truss’s remit. The change has been noted on Gove’s UK Government website biography, and will be officially announced shortly according to Politico. The GREAT campaign was launched in 2012 and promotes business, investment and studying opportunities in the UK to an overseas audience. According to the SNP, Gove, the former Vote Leave co-convener, is the “last person” who should be taking on the role. The Brexiteer has recently been accused of wilfully ignoring the reality of Brexit’s impact in order to avoid accountability for its “long-term damage”.
The COVID/Brexit cocktail: UK lost market share in U.S., Germany and China – report
The United Kingdom lost market share in the United States, Germany and China during the COVID-19 pandemic due to global trade chaos, Brexit and poor productivity, according to new research published on Monday.
The United Kingdom performed particularly badly due to a long-term stagnation in productivity growth, according to the report by Aston University’s Lloyd’s Banking Group Centre for Business Prosperity.
While all countries grappled with the tumult of COVID-19, the United Kingdom lost market share in its biggest export markets – the United States and Germany, the research showed.
March 9, 2021 - Written by John Cameron
The Pound to Euro exchange rate dipped this morning as fresh concerns over the state of the UK’s economy pushes Sterling down.
At the time of writing the GBP/EUR exchange rate is currently trading at around 1.1650, as a report published from Aston University showed the showed the extent of the decrease in the UK’s goods exports in 2020.
Pound Sterling (GBP) Exchange Rates Stumble over Trade Concerns
The Pound stumbled this morning after a report published yesterday revealed that UK goods exports plummeted by £54bn in 2020, causing concern over the large scale of damage inflicted on the UK economy during the coronavirus pandemic, and the end of the Brexit transition period.
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