Contents
Steve Rigby Chairman of Family Business UK
Rethinking what “export” means in a service-led economy
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Welcome from FBUK CEO
Securing Britain’s future from FBUK Chair
I recently sat in a meeting with a government minister where the topic of exports took centre stage. Rightly so, exporting our products and goods is vital to the UK economy. But when over 80% of our GDP comes from services, it’s clear that the path to “exporting” for many British firms looks different. In this context, international growth is more complex and is often less understood by policymakers.
FBUK Corporate Partners
The Cream of Manchester is back 10 Advocacy – party conferences 11 Advocacy – Westminster 12 Six Budget takeaways 14 Communities 18 Family business exporting showcase 20 UK Trade Minister – Sir Chris Bryant MP 21 FBUK Member news 22 FBUK new Members 24 FBUK Member anniversaries 26 Ripping yarns in innovative family firms 29 Employment Rights Bill
“When you export physical goods, the jobs and gross profits remain in the UK. This provides a straightforward win for UK plc”
But, if your business operates in the services sector,
exporting services or reselling goods in international markets, you probably rely on overseas subsidiary companies that own assets locally, employ local people and pay local taxes. Despite this, the long-term benefit still flows
back home through dividends, investment, and reinvestment.
FBUK Issue 5 4
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