Tuesday, Jan 13, 2009
Depressing
Timesonline: UK trade gap hits record £8.3bn despite weak pound
Britain’s trade deficit rose to a record level in November as a slump in sales of to the US dashed hopes that the weak pound would help protect exporters from the full effects of the global economic downturn.
The trade gap, which occurs when the sum of goods and financial services imported into the country is bigger than those it exports, widened from £7.6 billion in October to £8.3 billion in November as export earnings fell by 6 per cent to £19.8 billion over the month.
Posted by flintster1994 @ 04:31 PM (207 views) Add Comment
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