Thursday, Mar 12, 2009
It was NuLab spin anyway
Independent: Pound fails to help exports as demand for UK goods collapses
"The much-vaunted boost to UK trade from the devalued pound has yet to materialise, according to the latest official figures. Despite a 25 per cent slide in the value of sterling since mid-2007, the UK's trade deficit widened by more than expected in January as exports to non-European Union countries fell sharply. The deficit in goods and services grew to £3.6bn, from a shortfall of £3.2bn in December. The deficit in goods, at £7.7bn, is up by £500m on the previous month".
Posted by alan @ 02:56 PM (317 views) Add Comment
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