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Flat base rate 'could boost export growth'

Business looking to improve their export performance could stand to benefit from the base rate being held at its current record low of 0.5 per cent.

Chief executive of DHL Express in the UK and Ireland Phil Couchman said this is a factor that could give Britain a competitive edge on the international stage.

He also credited current government policy for turning the country into a leading offshore trading centre for Renminbi.

Statistics from the British Chambers of Commerce indicate a slowdown in national export growth, despite an increase in orders.

"With our pre-existing markets struggling, it's essential that exporters set their sights on new faster-growing trade partners. And now is the time to begin," Mr Couchman remarked.

Indeed, director of policy for the Engineering Employers Federation Steve Radley recently welcomed the government's commitment to the opening of new opportunities in support of this goal, calling for further financing to boost confidence.ADNFCR-1898-ID-801283141-ADNFCR

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