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North Sea provides platform for trade boost

The falling oil price and North Sea platforms coming back on line helped to drive down Britain's October trade deficit to its lowest level in seven months. Imports of goods and services were £2bn higher than exports – a sharp improvement on September's £2.8bn deficit and better than forecasts of £2.4bn. However economists warned that the underlying picture was not so positive, as excluding oil the value of exports barely improved and remained smaller than October 2013, despite unusually strong sales of silver to India.

 

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