Groundhog Day for UK economy with wearyingly familiar trade figures
by Larry Elliott from on (#X8GK)
A widening trade deficit and a frothy property market are signs that trouble is brewing. Financial markets should pay more attention to the data
Exports down. Imports up. Trade deficit soaring. Yes, it's Groundhog Day for the UK economy.
The latest figures from the Office for National Statistics were wearyingly familiar. Exports of goods and services fell by 1.6% in October, while imports rose by 5.4%, leaving Britain in the red by 4.1bn.
Related: UK trade deficit grows amid rise in lorry orders for Christmas deliveries
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