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The Guardian - UK
The Guardian - UK
Business
Kiran Stacey

UK will be 15 years late in hitting £1tn annual export target, figures show

United Kingdom European Union Boris Johnson David Cameron Andrew Bowie Brexit United States International Trade Department for International Trade OBR
In 2012 David Cameron set a 2020 target to achieve £1tn in annual exports, which Boris Johnson extended to 2030.
In 2012 David Cameron set a 2020 target to achieve £1tn in annual exports, which Boris Johnson extended to 2030. Photograph: David Levene/The Guardian

Ministers have been accused of leaving a “record of failure and broken promises” as internal forecasts show Britain will be 15 years late in achieving its £1tn annual export target after being hit by Brexit.

Projections from the Department for International Trade (DIT) show the value of UK exports will not reach £1tn until 2035, based on current trends, with the total due to fall to £707bn next year.

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