Published:  12:00 AM, 12 January 2017

UK trade deficit surges

UK trade deficit surges

The UK's trade position deteriorated dramatically in November from the previous month. The deficit on trade in goods and services was estimated at £4.2bn in November, up from £2.6bn in October. The widening gap reflects a £3.3bn surge in imports according to the Office for National Statistics (ONS). A £1.4bn rise in machinery and transport equipment imports was the biggest contributor to the widening deficit the ONS said. - BBC

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