Such an economy is based on those UK companies with heavy exposure to the booming Asian markets, and those more concerned with home demand (or its lack). But even those supported by Asian markets are not all finding it easy.
Boom town for some
The Business, Innovation and Skills (BIS) Committee claims today that there remains concerns about the "Government's ability to deliver on its strategy to support UK exports – a key part of the Government's strategy to support the UK's recovery from recession".
Part of those concerns relate to cost-cutting, particularly with business support. It's also down to the fact that exporters on their own can't do the job of re-balancing the economy.
RiskOther costs gnaw away, particularly for small companies: energy costs, not just light and heating but fuel, have ballooned. VAT and other taxes have risen. The cost of living - food prices - has shot up.
But how will that help UK workers back home?
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