{"id":4561,"date":"2015-06-24T16:20:04","date_gmt":"2015-06-24T15:20:04","guid":{"rendered":"http:\/\/unitelive.org\/?p=4561"},"modified":"2015-06-25T15:31:14","modified_gmt":"2015-06-25T14:31:14","slug":"towards-a-rebalanced-economy","status":"publish","type":"post","link":"https:\/\/unitelive.test.igniteamt.com\/?p=4561","title":{"rendered":"Towards a rebalanced economy"},"content":{"rendered":"
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Hobbled by an almost exclusive focus on the low-wage services industry and the short-term thinking of the financial sector, the UK has lagged woefully behind on exports.<\/p>\n

 
\nA final Cole Commission report released today (June 24), however, has highlighted the role the government can play in boosting exports to rebalance the economy.<\/p>\n

 
\nThe Commission has put pressure on prime minister David Cameron to do more to reach the government\u00e2\u20ac\u2122s own stated of goal of a \u00c2\u01411tn increase in exports by the end of the decade.<\/p>\n

 
\nRecommendations include setting up a provision in which small- and medium-sized businesses are in involved in all government procurement contracts which may lead to export sales, as well as encouraging more collaboration with key trade bodies.<\/p>\n

 
\nThe Commission also recommended establishing a \u00e2\u20ac\u015bone stop shop\u00e2\u20ac\u0165 network globally to support British business overseas and help exporters to compete more effectively with countries such as China, Germany and others.<\/p>\n

 
\nUnite, which gave evidence to the Cole Commission on the need for manufacturing to be at the heart of the economy, hailed the report.<\/p>\n

 
\n\u00e2\u20ac\u015bWhile there has been a renaissance in UK manufacturing, particularly in the automotive industry, we still have a serious trade deficit,\u00e2\u20ac\u0165 noted Unite assistant general secretary Tony Burke.<\/p>\n

 
\n\u00e2\u20ac\u015bThe Cole report is an important stepping stone in constructing a strategy to rebalance the economy away from the City and the service sector, and boosting exports,\u00e2\u20ac\u0165 he added.<\/p>\n

 
\n\u00e2\u20ac\u015bWith the election out of the way, ministers must focus strongly on the report\u00e2\u20ac\u2122s recommendations, such as a unified body embracing UK Trade & Investment (UKTI) and UK Export Finance (UKEF).<\/p>\n

 
\n\u00e2\u20ac\u015bThe government has gone some way to achieving this with Lord Maude\u00e2\u20ac\u2122s appointment taking in the Foreign Office and the business department. We hope he starts banging heads together, taking into account the positive measures outlined in the Cole report.<\/p>\n

 
\n\u00e2\u20ac\u015bWe are trading in a fast moving, globalised world, and the current system in the UK is too complex and too fragmented,\u00e2\u20ac\u0165 Burke added. \u00e2\u20ac\u015bOther countries, such as Germany, are much better at pulling all the relevant strands – government, business and the unions – together for a vibrant export strategy.<\/p>\n

 
\n\u00e2\u20ac\u015bThis should be coupled with specialist support for small and medium-sized businesses (SMEs) in the supply chain to get into exporting goods through \u00e2\u20ac\u0098one stop shops\u00e2\u20ac\u2122.<\/p>\n

 
\n\u00e2\u20ac\u015bIn a nutshell, we need the government to commit to a manufacturing strategy and for exports to be central to such a strategy.\u00e2\u20ac\u0165<\/p>\n

 
\nRead Unite\u00e2\u20ac\u2122s response to the Cole Commission on Exports here<\/a>.<\/p>\n

 
\nFind the full Cole Commission report here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hobbled by an almost exclusive focus on the low-wage services industry and the short-term thinking of the financial sector, the UK has lagged woefully behind on exports.   A final Cole Commission report released today (June 24), however, has highlighted the role the government can play in boosting exports to rebalance the economy.   The […]<\/p>\n","protected":false},"author":1,"featured_media":4562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[327,55],"wps_subtitle":"Commission pressures government to support exports","_links":{"self":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/4561"}],"collection":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4561"}],"version-history":[{"count":1,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/4561\/revisions"}],"predecessor-version":[{"id":4563,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/4561\/revisions\/4563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/media\/4562"}],"wp:attachment":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}