UK trade deficit widens further as exports suffer
by Phillip Inman Economics correspondent from on (#13CH0)
Drop in chemical exports and North Sea oil's decline not offset by aircraft and car sales
Britain's trade deficit worsened in the final quarter of 2015 amid global market turmoil and a slowdown in emerging market growth that has hit exports.
The shortfall between exports and imports widened from 8.6bn in the third quarter to 10.4bn, fuelling concerns that UK's deteriorating trading position will be a drag on GDP growth this year.
