Trade-promoting UK departments face ‘up to 40%’ staff cuts, warn insiders

Roula Khalaf, Editor of the FT, selects favorite stories in this free weekly newsletter highlighting potential job cuts in UK government departments focused on attracting investment and promoting exports, despite promises to boost economic growth. Plans for headcount reductions and restructuring are underway, including merging the Office for Investment with the business department’s investment directorate, aiming to strengthen regional investment propositions and improve trade performance post-Brexit. The British Chambers of Commerce expresses concerns about potential cuts to export promotion activities, emphasizing the importance of targeted investment in export promotion for economic growth.

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