Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Record Trade Deficit For Uk

Recommended Posts

http://www.guardian.co.uk/business/2010/nov/09/record-trade-deficit-for-uk

Government hopes that economic recovery will be spearheaded by manufacturing and exports took a dent today as official figures showed the UK running a record trade deficit in the three months to September.

Data from the Office for National Statistics revealed that the gap between exports and imports in the third quarter widened to more than £14bn – despite the boost provided by a weak pound.

The ONS said the trade gap in goods alone edged above £25bn for the first time between July and September, but was offset by a healthy surplus in trade in services.

In September, the ONS recorded a slight improvement in the UK's trade performance. Imports into Britain of £30.6bn topped exports of £22.4bn by £8.2bn, slightly below the £8.5bn shortfall recorded for August. A £3.6bn surplus in services meant the overall trade gap narrowed from £4.9bn to £4.6bn.

Separate ONS figures showed that the output of UK factories rose by 0.1% in September – slightly below City expectations and the weakest performance since April.

If we weren't having an export recovery just think how bad this gap would have been. The cheap pound is helping to keep out exports up to keep down increase in the balance of trade to a bare minimum.

Share this post


Link to post
Share on other sites

but... but... but...

http://www.bbc.co.uk/news/business-11717776

The UK's trade deficit narrowed slightly in September, according to the Office for National Statistics (ONS).

The UK's deficit on trade in goods and services was £4.6bn, compared with a deficit of £4.9bn in August. The trade gap shrank to £8.23bn from £8.47bn.

It was the second monthly improvement since the deficit hit a five-year high in July

Share this post


Link to post
Share on other sites

The trade gap gets bigger and bigger each month just like the debt pile, yet all the government does is sit there and stare at the figures in the hope they'll get better.

It's the hopes and prayers recovery...

Still no doubt Merv will be wheeled back out to help spur on our export industry with another round of funny money.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 149 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.