Bulletin

Widening trade deficit stokes rebalancing fears

The Office for National Statistics has revealed the UK's trade gap swelled to £2.8bn in September, from £1.8bn in August. The country imported £9.8bn more than it sold overseas, but the figure was partly offset by a surplus in the value of services sold abroad. Goods exports to the eurozone fell 11% in the quarter compared to the same period last year, whilst imports from the single-currency zone fell by just 6%. Exports to the rest of the world were down 3% year on year, although imports were down more sharply at 5.2%. The data prompted the British Chambers of Commerce to call for more Government support for exporters.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
Cardiff-based Forward Waste Management

Money will support the company, which serves the manufacturing sector, with Welsh and West Midland growth plans.

Bulletin

Where Next?