Britain's trade deficit widened in July

  • Britain saw a greater increase in imports than exports, widening the trade deficit, in July, official data has revealed.

    From £9.4bn in June the goods’ trade deficit unexpectedly increased to £10.2bn. The deficit for trade in goods and services also increased from £2.5bn to £3.3bn in the same period.

    While the hike in imports was driven by chemicals, fuel and aircraft, the increase in exports was mainly linked to the oil and pharmaceutical sectors.


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