>The trade data released by the Office for National Statistics (ONS) shows that UK services exports reached record highs last year, totalling £397 billion. In current prices, this means an increase of 20% compared to 2021 and a rise of 23% on exports in 2018.
>Behind only the United States, the UK is the second biggest services exporter in the world with the sector contributing around 80% of its GDP. Service sectors across the world are expected to account for 28% of global trade by 2030 — up from 25% in 2019.
We really are becoming a nation worthy of Golgafrinchan Ark Fleet Ship B.
I wonder how long the services industry will last before being offshored to cheaper providers in the rest of the world though?
Export of services is not affected by IR35 changes and many small businesses stopped providing services for domestic companies and only work with overseas clients.
The remoaners must be devastated.
I thought Brexit meant we were going to fall off a cliff???
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>The trade data released by the Office for National Statistics (ONS) shows that UK services exports reached record highs last year, totalling £397 billion. In current prices, this means an increase of 20% compared to 2021 and a rise of 23% on exports in 2018.
>Behind only the United States, the UK is the second biggest services exporter in the world with the sector contributing around 80% of its GDP. Service sectors across the world are expected to account for 28% of global trade by 2030 — up from 25% in 2019.
We really are becoming a nation worthy of Golgafrinchan Ark Fleet Ship B.
I wonder how long the services industry will last before being offshored to cheaper providers in the rest of the world though?
Export of services is not affected by IR35 changes and many small businesses stopped providing services for domestic companies and only work with overseas clients.
The remoaners must be devastated.
I thought Brexit meant we were going to fall off a cliff???
Lol.