WHY DO WE NEED TO SUPPORT BRITISH BUSINESS. WHY DO WE NEED TO BUY BRITISH MADE GOODS?

WHY DO WE NEED TO SUPPORT BRITISH BUSINESS. WHY DO WE NEED TO BUY BRITISH MADE GOODS?

There are severe implications, for not buying British Made Goods, for not being concerned or  discerning, about how, who and where  you buy.  Is very serious for the British economy moving forward. For every time you buy something made abroad, the flow of money out of the economy, increases. Micro decisions, made by consumers on how and what they buy, (being at local farmers markets or in British designed and made Disorder Boutique,) can have wider implications for the Macro economy. It may seem straight forward, but if you spend in a local business, that sources localy /British made goods you increases the flow of money within the local economy. Stimulating more jobs and the economic Ecosystem as a whole. 

Seasonally adjusted, the UK's deficit on trade in goods and services was £1.5 billion in July, compared with a deficit of £4.3 billion in June. There was a deficit of £7.1 billion on goods, partly offset by an estimated surplus of £5.6 billion on services. In the three months ending July 2012 trade in goods and services was estimated to have been in deficit by £8.0 billion, compared with a deficit of £10.5 billion in the preceding three months. Excluding oil and erratic items, the volume of exports was 0.9 per cent higher in the three months ending July 2012 compared with the preceding three months. The volume of imports fell 0.8 per cent over the same period.

  • As ONS previously announced in its statement on 3 July 2012, exports and imports price indices data are not available in this month's UK Trade publication. The statement detailing the omission of these data can be found on the ONS website.

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