In a significant move aimed at bolstering British businesses, Chancellor Rachel Reeves has unveiled a comprehensive plan to ensure a level playing field in international trade. Announced during the IMF Spring Meetings in Washington D.C., the initiative seeks to address unfair trading practices and support domestic industries facing challenges from global competitors. Tackling Unfair Trade PracticesCentral…
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Exporting Goods from the UK – A Step-by-Step Checklist
1. Determine If You Need to Follow Export ProceduresExport procedures apply when you're moving goods permanently from:England, Wales, or Scotland (Great Britain) to a country outside the UKNorthern Ireland to a country outside the UK and the EUDifferent rules apply if you're:Moving goods between Great Britain and Northern IrelandSending goods through the postTaking a small…
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Export funding given government boost
In a significant move to bolster British businesses amidst evolving global trade dynamics, the UK government has unveiled a comprehensive support package aimed at enhancing financial backing and fostering growth across various sectors.Strengthening Financial Support for ExportersCentral to this initiative is the expansion of UK Export Finance (UKEF) capabilities, with an additional £20 billion allocated…
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Small changes can make a difference
Small changes can have a significant impact when it comes to business finances. This is particularly true when considering adjustments to pricing and cost control. In this article, we will illustrate how increasing sales prices by just 2% and reducing costs by 2% can create a considerable uplift in overall profitability.Starting FiguresConsider a business with…
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