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UK will be 15 years late in hitting £1tn annual export target, figures show

Exclusive: forecasts predict exports will fall to £707bn next year and target will not be reached until 2035

Ministers have been accused of leaving a “record of failure and broken promises” as internal forecasts show Britain will be 15 years late in achieving its £1tn annual export target after being hit by Brexit.

Projections from the Department for International Trade (DIT) show the value of UK exports will not reach £1tn until 2035, based on current trends, with the total due to fall to £707bn next year.

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