Aldermore comments on new ONS Trade in Goods figures

POSTED: 17th March 2015
IN: Newsroom

Commenting on ONS UK Trade in Goods figures issued today, Andrew Dixon, Head of Specialist Credit, Invoice Finance at Aldermore said:

“Today’s figures from the ONS show only a very marginal growth in UK imports on previous quarters and a very slight increase year on year. In Q4 2014, total imports increased by 0.1% to £103.4 billion.

“Manufacturing saw the biggest boom in imports with an increase of £537m, Britain is clearly producing again which is a very positive sign for our export industry.

“Whilst it is promising that imports remain steady, we hope that the next UK government will do more to encourage trade including increasing the annual investment allowance even further. A healthy investment allowance means businesses are able to make serious investment plans. We have seen a number of changes to the allowance in recent years but the latest boost has provided favorable conditions to encourage investment in UK SMEs, and we need more of the same from the next government.”

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