Brexit has given Britain a “new lease of life” and turned the country into a global trading powerhouse, says Esther McVey, Cabinet Office Minister. Since leaving the EU, Britain has become the fourth-largest exporter in the world, up from seventh in 2021. This growth has been fueled by increased trade with countries outside the EU and the signing of trade deals with 73 countries, accounting for £1.1 trillion in bilateral trade in 2022. The UK has also overtaken France in manufacturing, with that sector now accounting for 42% of the UK’s exports. The government’s GREAT Campaign has also played a role in promoting British businesses and products worldwide.
The article highlights several award-winning businesses that have achieved international success since Brexit. These include Warner’s Distillery, which produces premium farm-born spirits gin; Media Bodies, a performance influencer marketing agency; and CIGA Healthcare, which operates in the international rapid test diagnostic sector. These businesses are examples of the growing number of UK companies that are thriving in the post-Brexit era.
The UK’s tech sector is also emerging as a global leader. The country now has the third-largest tech sector in the world, valued at over $1 trillion. The UK is also a dominant force in AI, accounting for around half of all AI private capital investment in Europe. This growth has been driven by government support for entrepreneurs and exporters, as well as the UK’s strong universities and research institutions.
Brexit has given the UK an opportunity to reshape its economy and become a more outward-looking and globalized nation. The country’s success in trade and technology is a testament to the government’s commitment to supporting businesses and promoting growth.
