Lean Budget For The UK Lean Profits for Kenyan Exporters

The British government unveiled a tight budget in a move which is meant to reduce the country`s budget deficit. At 11 percent of Gross Domestic Product, UK`s budget deficit is the largest since world war two.

United Kingdom is the largest impoter of Kenya`s exports to the European union. Kenya depends on the buying power of UK citizens for its tea, coffee and horticultural exports.

Anything that affects consumer spending in the UK will be bad news for Kenyan exporters, and our economy may suffer another shock.

With most of European Union countries cutting on their spending, its about time Kenyan exporters tried other markets such as Brazil, Russia, India and China.