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20/08/2001
UK trade deficit widens
The UK's trade deficit reached a monthly record of £2.3bn in June, pushing the second quarter deficit to a record £6.2bn, up from £5bn in the previous quarter.
The deficit in global trade in goods meanwhile widened to £3.2bn in June from £2.5bn in May.
The Office of National Statistics said that the latest trend suggested that the UK trade deficit was widening.
For goods, the trade deficit with the EU remained pretty much the same from May, at £0.1bn, but the gap with non-EU countries increased to £3.1bn in June.
Imports from non-EU countries rose seven per cent, compared to a two per cent fall in goods imported from the EU. Total exports of goods fell by 1.5 per cent to £16.1bn, while total imports rose 2.5 per cent to £19.4bn.
Although the £3.2bn trade deficit for goods in June was the highest monthly figure recorded, it still doesn’t represent as big a slice of gross domestic product (GDP) as it did in the 1980s.
The previous monthly record for the trade deficit in goods was £2.9bn in December 2000. (MB)
The deficit in global trade in goods meanwhile widened to £3.2bn in June from £2.5bn in May.
The Office of National Statistics said that the latest trend suggested that the UK trade deficit was widening.
For goods, the trade deficit with the EU remained pretty much the same from May, at £0.1bn, but the gap with non-EU countries increased to £3.1bn in June.
Imports from non-EU countries rose seven per cent, compared to a two per cent fall in goods imported from the EU. Total exports of goods fell by 1.5 per cent to £16.1bn, while total imports rose 2.5 per cent to £19.4bn.
Although the £3.2bn trade deficit for goods in June was the highest monthly figure recorded, it still doesn’t represent as big a slice of gross domestic product (GDP) as it did in the 1980s.
The previous monthly record for the trade deficit in goods was £2.9bn in December 2000. (MB)
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Britain slips to worst-ever EU trade deficit
In September, Britain slipped into its worst-ever trade deficit against the European Union. According to figures released today by the Office of National Statistics the gap with EU countries which take around half of all Britain's exports, jumped from 1.7 billion in August to 2.2 billion in September.
Britain slips to worst-ever EU trade deficit
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HGV Levy Barrier To Cross-Border Trade
The Heavy Goods Vehicle (HGV) levy has been critised as a barrier to cross-border trade. Speaking following an Assembly debate on a motion on the issue, Sinn Féin MLA Barry McElduff said: "The HGV levy, which was imposed by Westminster, acts as a barrier to north/south mobility and trade.
08 May 2006
Illegal goods trade reaches nearly £1bn in UK
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Illegal goods trade reaches nearly £1bn in UK
Britons have bought nearly £1 billion worth of goods illegally in pubs and bars, according to research by Halifax Home Insurance. Around 12% of people admitted to purchasing items on the black market, spending an average of £168 each, the Halifax survey of more than 1,000 people found.
02 April 2002
Irish Trade minister welcomes Ireland's strong trade performance
Ireland's Minister for Labour, Trade and Consumer Affairs, Tom Kitt, has welcomed the positive trade performance recorded in the 2001 trade figures issued by the Central Statistics Office (CSO).
Irish Trade minister welcomes Ireland's strong trade performance
Ireland's Minister for Labour, Trade and Consumer Affairs, Tom Kitt, has welcomed the positive trade performance recorded in the 2001 trade figures issued by the Central Statistics Office (CSO).
15 August 2001
Euro tops 90 cents as it forges on to a new high
The euro was heading towards a new mid-year high as it pushed through the 90 cent barrier against the US dollar on Wednesday morning. The dollar slid against the euro and the yen as currency markets continued to respond to downbeat assessments of the health of the US economy made by the International Monetary Fund (IMF).
Euro tops 90 cents as it forges on to a new high
The euro was heading towards a new mid-year high as it pushed through the 90 cent barrier against the US dollar on Wednesday morning. The dollar slid against the euro and the yen as currency markets continued to respond to downbeat assessments of the health of the US economy made by the International Monetary Fund (IMF).
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Northern Ireland WeatherThis Evening and Tonight:A fine end to the day with some evening sunshine. It remains mainly dry overnight with a touch of frost or fog patches possible in places. However, cloud is expected to increase towards dawn with the odd light shower. Minimum temperature 2 °C.
