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Trade deficit rises to £3.7bn
The UK's trade deficit with the rest of the world increased in March to £3.7bn, according to the Office for National Statistics.
The trade deficit rose from £2.2bn in February to £3.7bn in March, as the bad weather in January hindered the UK economy.
Exports crept up by just 1% in March a imports rose by 5.2%, showing that despite the weak pound the UK is struggling to export goods.
"Recent events in the euro-zone - the UK's biggest trading partner - clearly cast a shadow over the longer-term prospects for UK exporters," said Vicky Redwood, economist at Capital Economics.
Post Date: May 13th, 2010
The trade deficit rose from £2.2bn in February to £3.7bn in March, as the bad weather in January hindered the UK economy.
Exports crept up by just 1% in March a imports rose by 5.2%, showing that despite the weak pound the UK is struggling to export goods.
"Recent events in the euro-zone - the UK's biggest trading partner - clearly cast a shadow over the longer-term prospects for UK exporters," said Vicky Redwood, economist at Capital Economics.
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Post Date: May 13th, 2010
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