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<\/p>\nTrade Secretary Kemi Badenoch has said the Government\u2019s \u201cexport success stories\u201d are allowing Brexit Britain\u2019s trade to boom.<\/p>\n
Official figures have revealed an eight per cent hike in overseas trading with sales hitting \u00a3868 billion in a year.<\/p>\n
Ms Badenoch said the \u00a362 billion total year-on-year increase in current prices has proved the Brexit naysayers are wrong.<\/p>\n
Writing for the Daily Express, she said: \u201cLet\u2019s ditch the doom and gloom – British businesses are thriving and that\u2019s something to celebrate.\u201d<\/p>\n
Ms Badenoch added: \u201cToday’s figures show that the Government\u2019s work signing new trade deals, knocking down trade barriers and promoting British businesses across the globe is working, with our services industries in particular reaching record export levels never seen before.<\/p>\n
\u201cFrom insurance to advertising, travel services to telecoms, these export success stories are helping to grow the economy, create jobs and boost prosperity up and down Britain.\u201d<\/p>\n
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READ MORE: <\/strong> Kemi Badenoch blasts ‘doom-laden nonsense’ about Brexit Britain<\/strong><\/p>\n UK services exports are at record levels and up more than six per cent, adjusted for inflation, in the year to October 2022, according to the Office for National Statistics.<\/p>\n The records released by the ONS show the yearly increase at \u00a362 billion though once it is adjusted for inflation and excluding precious metals if falls to \u00a314 billion.<\/p>\n Tory MPs said the figures are the latest boost to Brexit Britain despite dire warnings from critics about the impact of exiting the EU.<\/p>\n Former international trade secretary Dr Liam Fox said: \u201cGreat news for British businesses and jobs, terrible news for those who predicted our trade would collapse after Brexit.\u201d<\/p>\n Ex-business secretary Sir Jacob Rees-Mogg added: \u201cBrexit encourages us to look beyond the narrow European sphere and this growth in exports will get a further boost from our new free trade deals.\u201d<\/p>\n Conservative MP Marco Longhi, who is the trade envoy to Brazil, said: \u201cIncreasing our exports means more jobs and more secure jobs.<\/p>\n \u201cAn increase of \u00a362 billion is huge and it underlines the importance of Brexit which is now delivering for the country.<\/p>\n \u201cIn Brazil alone, where I am trade envoy, we have increased export by about a third – this would not have been possible if still shackled to the EU.<\/p>\n \u201cGlobal Britain is working, and our export data proves it resoundingly.\u201d<\/p>\n It comes as Britain has signed trade agreements with more than 70 countries since leaving the EU.<\/p>\n Earlier this year, the UK joined the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) in the biggest post-Brexit deal to date.<\/p>\n Britain became the first new member of the Indo-Pacific trade bloc since it was formed and the only European nation to be part of the club, which gives access to some of the fastest-growing markets in the world.<\/p>\n Meanwhile, the first agreements negotiated from scratch with Australia and New Zealand came into force in May marking a major milestone.<\/p>\n And the UK last month signed a trade deal with Florida, bringing the total number with US states to seven.<\/p>\n There are also more deals on the horizon with a bumper pact with India expected imminently.<\/p>\n The UK fired the starting gun on talks for a new trade agreement with South Korea in November, while there will be negotiations with Turkey on an updated tie-up.<\/p>\n A landmark report by the Institute for Economic Affairs think tank last month found both goods and services exports rose after Brexit.<\/p>\n In other Brexit wins, Japanese car giant Nissan in November announced it is investing \u00a32 billion in its Sunderland plan.<\/p>\n It came months after Jaguar Land Rover-owner Tata confirmed plans in July to invest \u00a34 billion in a new UK gigafactory in Somerset.<\/p>\n Meanwhile, Britain has leapfrogged France to become the world\u2019s eighth-biggest manufacturer.<\/p>\n And the UK unveiled \u00a329.5 billion of foreign investment at the Global Investment Summit at Hampton Court Palace in November.<\/p>\n\n