Thursday, February 10, 2011

UK goods trade deficit hits record high

Britain's goods trade deficit unexpectedly hit a record high in December, underscoring doubts about UK competitiveness, though the figures were worsened by bad weather and a tax-related jump in aircraft imports. The data chime with a sharp fall in UK GDP at the end of 2010 and deal a further blow to hopes that exporters will be able to drive growth in 2011 when both the government and consumers are tightening their belts.

No comments:

Post a Comment