UK Treasury Select Committee: Exports hit by EU weakness

FXStreet (London) - Chancellor George Osborne is speaking before the Commons Treasury Select Committee. Responding to a question from Andrea Leadsom MP, Osborne stated that:

"Britain’s export performance has been disappointing.

"Exports have been hit by the weakness of the Eurozone economy.

"Non-EU exports have been up a quarter.

"UK found itself in a situation where it was overly-dependent on established markets and were not plugged into emerging markets and into China, India et al."