Net Trade

Part of Oral Answers to Questions — Business, Innovation and Skills – in the House of Commons at 9:30 am on 8 January 2015.

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Photo of William Bain William Bain Labour, Glasgow North East 9:30, 8 January 2015

I am grateful for the Minister’s answer, but last month the Office for National Statistics said that exports had remained largely flat for the past four years, and the Office for Budget Responsibility and the British Chambers of Commerce both downgraded their forecasts for net trade this year, so can he confirm that with this failure on economic rebalancing, his targets for Britain to double our exports to £1 trillion by 2020 and to get 100,000 more firms exporting from Britain will be missed?

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