Commentary from the Association of Translation Companies (ATC) about the UK's latest trading figures, which reveal a growing trade deficit with the rest of the world, has been picked up by the influential International Trade Magazine. The ATC has pointed out that a contributory factor in the country's poor export performance is the lack of language skills, which is costing the UK economy £48 billion a year in lost export sales.
Sector consolidation has reached the tech doc translation space. On February 11, 2016, Manchester-based Capita Translation and Interpreting (Capita TI) acquired London-based International Translation Resources (ITR), a technical translation company. According to Slator News the price of the acquisition was not disclosed.
Association of Translation Companies' General Secretary Geoffrey Bowden has been interviewed by the influential Public Sector Executive magazine about the crisis in the procurement of language services by the UK government and other public sector organisations. The interview follows the publication by the ATC of its report: 'Recommendations for the future procurement of language service in the public sector'.
As the European Council prepares to discuss draft terms for UK’s continued EU membership tomorrow, a survey of the UK’s language service providers shows that more than two thirds believe that their businesses with EU-based enterprises will be compromised if the referendum results in a vote to leave the European Union.
Britain's poor language skills and strategies are contributing to the record £125 billion UK trade deficit, according to the Association of Translation Companies.