09/12/2011
Exports Reach Record £26.5bn
The UK's exports have hit a record £26.5bn according to figures released by the Office of National Statistics on Friday.
The rise means the trade deficit dramatically narrowed sharply in October, as the value of exports hit a record high.
A fall in imports, from September's record £34.6bn to £34.1bn, meant the deficit in total trade fell to £7.6bn, down from £10.2bn since September.
The ONS said higher that usual exports of chemicals, medical products, and telecoms equipment, were responsible for the record figure.
However, in contrast, there has been a startling drop in volume of construction output, which fell by 1.1% totalling £295 million, according to figures released on Thursday.
Worse still, new contracts dropped by 1.8% or £340 million while repair and maintenance managed only a 0.5% rise.
The news comes as, earlier this week, Business Secretary Vince Cable and Foreign Secretary William Hague launched a UK Trade & Investment campaign to encourage more British companies to export to Asia emerging markets.
As part of the campaign, UK Trade & Investment joined forces with RBS to deliver a series of programmes to demonstrate key business opportunities across 12 Asian markets to UK firms.
The events will be held in February 2012, and will focus on China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.
(DW)
The rise means the trade deficit dramatically narrowed sharply in October, as the value of exports hit a record high.
A fall in imports, from September's record £34.6bn to £34.1bn, meant the deficit in total trade fell to £7.6bn, down from £10.2bn since September.
The ONS said higher that usual exports of chemicals, medical products, and telecoms equipment, were responsible for the record figure.
However, in contrast, there has been a startling drop in volume of construction output, which fell by 1.1% totalling £295 million, according to figures released on Thursday.
Worse still, new contracts dropped by 1.8% or £340 million while repair and maintenance managed only a 0.5% rise.
The news comes as, earlier this week, Business Secretary Vince Cable and Foreign Secretary William Hague launched a UK Trade & Investment campaign to encourage more British companies to export to Asia emerging markets.
As part of the campaign, UK Trade & Investment joined forces with RBS to deliver a series of programmes to demonstrate key business opportunities across 12 Asian markets to UK firms.
The events will be held in February 2012, and will focus on China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.
(DW)
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17 January 2013
Car Exports Hit Record High With 8% Increase
Despite a European slump in sales, UK car production has hit a four-year high, with exports reaching a record high. The Society of Motor Manufacturers and Traders (SMMT) have said that UK factories built some 1.46 million vehicles in 2012, 1.21 million of which were then shipped abroad.
Car Exports Hit Record High With 8% Increase
Despite a European slump in sales, UK car production has hit a four-year high, with exports reaching a record high. The Society of Motor Manufacturers and Traders (SMMT) have said that UK factories built some 1.46 million vehicles in 2012, 1.21 million of which were then shipped abroad.
05 July 2012
NHS Trust Investigated Over 25 Patient Death
One of the UKs biggest NHS trusts is being investigated over the death of 25 patients, after it admitted “poor record keeping”. “Extreme concern” has been expressed by Westminster and two other London local authorities over lost data on referrals at Imperial College Healthcare.
NHS Trust Investigated Over 25 Patient Death
One of the UKs biggest NHS trusts is being investigated over the death of 25 patients, after it admitted “poor record keeping”. “Extreme concern” has been expressed by Westminster and two other London local authorities over lost data on referrals at Imperial College Healthcare.
23 October 2003
Branson plans new aviation record attempt
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Branson plans new aviation record attempt
Serial record breakers Steve Fossett and Sir Richard Branson have unveiled plans today to attempt one of the remaining great challenges of aviation - a solo, non-stop flight around the world without refuelling.
01 May 2003
Record fine imposed on FA over Turkey game
The English Football Association was today handed a record fine by UEFA and issued with a final warning on the future conduct of fans. UEFA's Control and Disciplinary Body today found the FA guilty of the disciplinary charges and fined them €99,000 - the highest ever fine for a racism-related charge.
Record fine imposed on FA over Turkey game
The English Football Association was today handed a record fine by UEFA and issued with a final warning on the future conduct of fans. UEFA's Control and Disciplinary Body today found the FA guilty of the disciplinary charges and fined them €99,000 - the highest ever fine for a racism-related charge.
04 June 2015
Record Low Remains For UK Interest Rates
The Bank of England has once again held UK interest rates at 0.5%. Its bond-buying stimulus programme also remains unchanged at £375bn. The Bank was expected to keep its interest rate the same after ultra-low inflation turned negative (-0.1%) in April.
Record Low Remains For UK Interest Rates
The Bank of England has once again held UK interest rates at 0.5%. Its bond-buying stimulus programme also remains unchanged at £375bn. The Bank was expected to keep its interest rate the same after ultra-low inflation turned negative (-0.1%) in April.
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