WASHINGTON: Fears increased over Britain’s growth in the final three months of the year after the latest trade figures dashed hopes that the economic recovery was becoming more balanced.
The deficit in trade in goods and services with the rest of the world widened to £4.1 billion in October, £3.1 billion more than in September, according to the Office for National Statistics. This was driven by a 1.6 per cent fall in exports, while imports rose by a 5.4 per cent to reflect Christmas deliveries. The figures were driven by an £11.8 billion goods deficit, up from £8.8 billion in September.
