Export scheme to double to £50bn

Marion Dakers
BRITAIN’S government-backed export finance limit was doubled to £50bn yesterday, as part of the chancellor’s attempts to boost UK firms’ sales overseas.

Chancellor George Osborne said yesterday he wants to foster corporate links with countries further afield than Britain’s traditional trade partners in Europe and North America, as exports are not “growing as fast as we would like”.

UK Export Finance will also be given more powers to lend directly to businesses and double the number of advisers to hep small firms forge international trade channels.