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Rachel Reeves has been urged to make it easier for small businesses to sell abroad, which could be a nearly £10bn boost for Britain.
Business lobby group Walpole – which represents hundreds of luxury firms including Burberry and Aston Martin – wants an incentive to be introduced to encourage UK companies to export.
Chief executive Helen Brocklebank wrote to the Chancellor this month, saying businesses need help to help with “the costly first years of operating in a new market”.
Ceremony: Bridal retailer Gigi & Olive supplied a veil for Sophie Habboo’s wedding to fellow Made In Chelsea star Jamie Laing.
If 70,000 more small and medium-sized businesses started exporting goods, this would represent a £9.3bn boost to the economy, the group said, citing figures from the Social Market Foundation think tank.
Brocklebank said: “If the Government wants to meet its goal of being the fastest growing country in the G7, it must support these companies.”
He called for tax incentives that would help companies in Walpole’s “brands of tomorrow” program.
The plan includes bridal retailer Gigi & Olive, which supplied a veil for Sophie Habboo’s wedding to fellow Made In Chelsea star Jamie Laing last year.
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