British businesses turning away from China, industry group says

A view of Canary Wharf business district in London, Britain, October 14, 2020. REUTERS/Matthew Childs

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LONDON, July 30 (Reuters) – British businesses are cutting ties with China due to concerns about political tensions, a shift that is likely to stoke inflationary pressures, the head of the Confederation of British Industry (CBI) said in an interview published on Saturday .

“Every company that I speak to at the moment is engaged in rethinking their supply chains … because they anticipate that our politicians will inevitably accelerate towards a decoupled world from China,” CBI Director-General Tony Danker was quoted as telling the Financial Times newspapers.

China was Britain’s biggest source of imported goods in 2021, accounting for 13% of the total, while it was the sixth-largest destination for goods exports, according to Britain’s official trade statistics.

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Why and When Is Refinansiering (Refinancing) a Good Idea?

What You Need To Know About Refinansiering – Education Bhaskar

Refinance loans have been integrated into the financial system in many parts of the world. For the most part, this is to put an end to the financial misery that many people have found themselves in.

Securing a line of credit is no longer as difficult as it used to be; all thanks to the internet. This is as long as the prospective borrower is eligible. The problem here is that some prospective borrowers take out more loans than they can service and even do so using the services of various creditors.

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It would not be surprising if you are interested in knowing more about this special line of credit. Fortunately, we will shed light on this subject … Read more

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