Re your report (UK will be 15 years late in hitting £1tn annual export target, figures show, 22 January), we already knew that exports were previously forecast to hit £1tn by 2035 when we launched our export strategy. Indeed, that is precisely why we launched it – to speed up our “race to a trillion”, with an ambitious goal to hit that target by 2030.
The Office for Budget Responsibility’s projection of £739bn of exports for 2022, used in your article, is already out of date. In the year to November, total exports of goods and services reached £741bn. The total for the whole year is likely to be around £800bn.
