Doubling export finance and a weak Sterling is an opportunity for British businesses

23/11/2016

In response to today's Autumn Statement, Kerry Agiasotis, President at Western Union Business Solutions, said:

 

“We welcome the Chancellor’s support for small and medium sized businesses in the UK by doubling its export finance capacity in the Autumn Statement today. This, coupled with a relatively weak sterling represents a real opportunity for ambitious firms wanting to connect and trade with new overseas markets.

 

“We want to connect buyers and sellers all over the world, thousands of our clients are already benefitting from using our new digital trading tool. Today’s announcement supports innovation and ambition and we want to see many more SMEs understanding that new borders are within their reach. The traditional barriers for doing business internationally are quickly abating.”

 

About Western Union Business Solutions

Western Union Business Solutions enables companies of all sizes to send and receive international payments and manage global cash flow, creating unique solutions tailored to suit their individual needs. It is a business unit of The Western Union Company (NYSE: WU), a leading nonbank provider of cross border payments, which offers Business Solutions services in over 30 countries.  Clients are supported by a network of trading offices, strategic banking relationships and a global clearing network and can send cross-border foreign exchange payments in more than 130 currencies.