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Budget 2018: Exporters will demand more tangible support as Brexit approaches, warns KPMG

Exporters to demand more tangible support, warns KPMG

David Slater, Director of Trade at KPMG UK comments on tangible support to exporters as Brexit approaches.

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Commenting on the Chancellor’s Budget announcement:

David Slater, Director of Trade at KPMG UK, said: “The country’s ambition for strong economic growth is said to be pinned on UK exporters, but the Budget could have done more to offer tangible, fiscal-based incentives for businesses to sell their goods and services abroad. Exporters will demand more support as Brexit approaches.

“Although the money for UK Export Finance will be welcome in helping some exporters win, fulfil and get paid for contracts, it isn’t clear how the money will be made available. We should also remember that only a relatively small proportion of exporters use these facilities.”

 

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For further information please contact:

KPMG Press office:

Alastair Henry, Citypress (on behalf of KPMG Corporate Communications)

T: +44 (0)7738 206 847

E: Alastair.henry@citypress.co.uk

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff.  The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and territories and has 200,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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