A report that was released by the Centre for Economics and Business Research (CEBR) and the Heathrow Airport has discovered that the exports in the United Kingdom are at their strongest state since 2000 despite the threats that are posed by Brexit.
The export climate index of Heathrow tracks factors that include the consumer confidence of the main trade partners of the United Kingdom by their share of UK exports, the effective exchange rate and the purchasing managers’ index for UK new manufacturing export orders.
In numbers that will reinforce the Brexiteers, the value of non-EU export goods rose by 150 percent, with Heathrow holding a 30 percent share in this cargo.
Some £48.9bn worth of exports in the United Kingdom that were destined for Switzerland and outside the European Union passed through Heathrow.
Consumer confidence among the trading partner nations of the United Kingdom is on the rise thanks to government spending drives in China and the United States which continue to experience steady growth. The effect of increasing oil prices and the rise in the value of the pound during the last three months of last year was also canceled out by the confidence in future trade of producers in the United Kingdom.
John Holland-Kaye, the chief executive of Heathrow, stated: “Now more than ever, the UK needs to secure its status as an outward-looking global trading nation. It is clear that Heathrow is essential to trade outside the EU, but as we continue to operate at capacity, we will jeopardise new routes and trade with the rest of the world.
“True transformative change to our flight network – and consequently the UK’s export climate – will only be achieved through our expansion so we can connect all corners of the UK to the growing markets of the world.”