Trade figures trigger alarm
10th August 2012
BUSINESS leaders called for the Government to boost support for exporters after the UK's trade deficit hit a 15-year high.
The deficit in goods hit £10.1bn in June which was partially offset by a £5.8bn surplus on services.
The latest figures took the deficit for the second quarter to £11.2bn, up from £7.8bn in the first three months of 2012.
David Kern, chief economist at the British Chambers of Commerce, said: “Underlying export volumes fell by 3.3% in the second quarter, while ......for the full story register now for free or login below...
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