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.