News

The latest from the Black Country 

BCC: Long Term UK Trade Deficit is Cause for Concern

  • The UK trade deficit in goods and services was £3.8 billion in March 2016, a narrowing of £0.5 billion from February
  • Between Q4 2015 and Q1 2016, the trade deficit in goods and services worsened by £1.1 billion

Commenting on the UK trade figures for March 2016, published today by the ONS, David Kern, BCC Chief Economist, said:

“In spite of the small improvement seen in March, the UK’s trade deficit worsened over the quarter and remains unacceptably large.

“The trade figures are a further reminder that our external position remains vulnerable. It needs to be a national priority to support businesses in exporting goods and services, and additional efforts are needed to help firms to break into new and faster-growing markets.”

Last modified on Tuesday, 10 May 2016 11:36

News Categories


We use cookies to improve our website and your experience when using it. Cookies used for the essential operation of the site have already been set. To find out more about the cookies we use and how to delete them, see our Privacy Policy.

I accept cookies from this site

EU Cookie Directive Plugin Information