Chancellor George Osborne wants a more export driven economy for the UK and plans to look to China to help push forward Britain's economic recovery.
Visiting China ahead of the G20 finance ministers meeting in South Korea this weekend, Osborne said Britain needed to find a fresh model of growth to cut its massive budget deficit, according to the Telegraph. "If you're looking to answer the big question for Britain, which is where the growth is going to come from in the next few years, I think exports and exports to an economy the size of China is one place we should be looking," he said. "I'm keen on the British economy developing in a way that is more export driven, where there is more investment and a different model of growth th...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes