Food & Drink Industry Expects to Create 100,000 Jobs

Almost 100,000 jobs will be created in the food and drink sector over the next five years as firms seek to cash in on the more competitive exchange rate to boost exports. According to research published today in the The Food and Drink Report 2017, from Lloyds Commercial Banking. It found that the proportion of manufacturers investing to secure new international customers has risen from 55% to 69% over the past year. More than a quarter of food and drink firms said they planned to export for the first time in the next five years.

This is a case of “because of Brexit” rather than “despite Brexit”. Food and drink firms are optimistic with more ambitious growth plans than they had last year, forecasting growth of 21% of turnover over the next 5 years – up from 19 % this time last year and 16% in 2015. Workers in the sector will be pleased that 48% of firms expect wage costs to rise.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Former public schoolboy Chuka Umunna told the  ‘Exit From Brexit Dinner’…

“Remainians, Remoaners, I don’t care what the label is, I’m proud. It’s fashionable to label everyone in this room as the liberal metropolitan elite . . . This caricature is promoted by a bunch of former public schoolboys!” 

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Sunday Show Highlights Sunday Show Highlights
Dover Traffic at Record Levels Dover Traffic at Record Levels
Khan’s ‘Independent’ Brexit Study Written by Leave-Bashers And Corbynistas Khan’s ‘Independent’ Brexit Study Written by Leave-Bashers And Corbynistas
EU Propaganda Service Chooses Soubry’s Constituency For New Base EU Propaganda Service Chooses Soubry’s Constituency For New Base
#DespiteBrexit Double Whammy #DespiteBrexit Double Whammy
Blair Lies About NHS Brexodus Blair Lies About NHS Brexodus
U-Strip: Meet UKIP Leader’s New Girlfriend U-Strip: Meet UKIP Leader’s New Girlfriend
LISTEN: Blair Doesn’t Rule Out Third Referendum LISTEN: Blair Doesn’t Rule Out Third Referendum
Priti Asks Electoral Commission to Investigate Remain Campaign Priti Asks Electoral Commission to Investigate Remain Campaign
2017: The Year the Experts Were Confounded 2017: The Year the Experts Were Confounded
10 Bonkers Things Adonis Said About Brexit 10 Bonkers Things Adonis Said About Brexit
Barmy Adonis: Farage is PM Barmy Adonis: Farage is PM
Remain Campaigns Coordinated Spending Remain Campaigns Coordinated Spending
Remain Donors Funnelled £1 Million to New Campaigns Set Up in Weeks Before Referendum Remain Donors Funnelled £1 Million to New Campaigns Set Up in Weeks Before Referendum
Remain Groups Shared Data, Suppliers and Campaign Materials Remain Groups Shared Data, Suppliers and Campaign Materials
Remain Campaign Flouted Rules to Spend Double Legal Limit Remain Campaign Flouted Rules to Spend Double Legal Limit
UK Best Country for Business #DespiteBrexit UK Best Country for Business #DespiteBrexit
Report: No Significant Russian Activity in Referendum Report: No Significant Russian Activity in Referendum
LibDems and Open Britain Fined For Referendum Spending Breaches LibDems and Open Britain Fined For Referendum Spending Breaches
UnFacts: Pro-Remain “Fact-Based” Website Keeps Getting It Wrong UnFacts: Pro-Remain “Fact-Based” Website Keeps Getting It Wrong