UK PM Cameron: UK faces massive productivity challenge

Speaking at Farnborough Air Show, the UK’s outgoing-PM David Cameron noted that the focus should remain on trade and investment as the British economy faces massive productivity challenge.

Key Quotes:

On productivity:

“We must recognize we are now in a new reality and we must make it work”

“Must focus on trade and investment like never before”

On trade:

“Only 11% of UK companies actually export”

“Only 5% of what the UK produces goes to fast growing markets like China”

 "We do more trade with Belgium than with Indonesia, Malaysia, Vietnam and Singapore combined"