UK trade deficit widens as weak pound fails to boost exports
by Richard Partington from Economics | The Guardian on (#34NDN)
Mixed news for economy with trade gap biggest in 11 months but manufacturing and construction activity increases
The UK's trade position with the rest of the world worsened in August, as the weak pound failed to lift sales of goods abroad.
The overall trade deficit widened to 5.6bn in August from 4.2bn in July, for the biggest gap between imports and exports in 11 months, according to the Office for National Statistics (ONS).
Related: UK productivity estimates must be 'significantly' lowered, admits OBR
Continue reading...