The idea
Export is the real life blood of this country. Exporters should be encoraged, however government red tape , currency exchange charges by the blood sucking banks, high extra insurance charges make exporting more expensive than not exporting. The government should give extra tax relief to exporters through a new low level of corporation tax or lower level of CGT to encorage exporting. Lower tax on exporters would also go some way to offsetting the high costs of doing buisness in this country which has caused many companies to go "offshore". It would increase the number of private jobs and also help with the balance of trade. I read somewhere that £1 generated by exports is worth up to 20x that generated by non exporters… Our taxation should reflect this. Also export rules and paper work should be made FREELY available to exporters. It is sheer madness that exporters have to pay for documentation here that is freely avalable in other countries.
Why is it important?
Creates jobs, helps with balance of payments, attracts back companies that have deserted these shores for elsewhere. refects the real value of the export pound to the country.