Exports and the economy slump under Tories

Since last June’s Brexit vote goods export volumes are up 6 per cent. But over that period import volumes are also up 6.3 per cent, suggesting no contribution to GDP growth from net goods trade [Image: Bloomberg News].

This is Tory Britain:

A disappointing performance for exports in June pushed the trade deficit higher than expected according to the latest batch of official data, frustrating hopes of a currency-driven rebalancing of the UK economy.

Manufacturing also stagnated in the month and construction went backwards adding to the impression of Britain losing momentum as the clock ticks down to Brexit in 2019.

Goods export volumes fell 4.9 per cent in June, the biggest monthly fall since June 2016, while imports were up 1.5 per cent, said the Office for National Statistics (ONS).

Read more: UK trade deficit higher than forecasts as goods exports drop near 5% in June


Here are four ways to be sure you’re among the first to know what’s going on.

1) Register with us by clicking on ‘Subscribe’ (in the left margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Buy Vox Political books so we can continue
fighting for the facts.


The Livingstone Presumption is now available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

No Comments

  1. Barry Davies August 10, 2017 at 12:28 pm - Reply

    Hardly a slump it is a mild dip and still a lot higher than it was in January 2016

  2. rotzeichen August 10, 2017 at 12:44 pm - Reply

    I think this is an opportunity for people to reflect on a trend set by Thatcher when she deliberately dismantled our manufacturing base, These trade deficit figures go back to 1996 which was the last time we achieved a trade surplus:
    http://visual.ons.gov.uk/uk-perspectives-trends-in-the-uk-economy/
    In reality our manufacturing jobs have been exported to the far east at the same time as Neo-Liberal theology allowed our manufacturing base to erode in favour of the financial sector.
    We are in the process of continual decline due to Neo-Liberal dogma and people must vote for change in massive numbers if we are to rid ourselves of that plague. We must also understand that the state has to intervene to fund a totally different sort of society, namely putting people first. The state has to reverse everything Neo-Liberal politicians have done over the last forty years, invest in public services, create new jobs instead of waiting for billionaires to benevolently use our talents in order to get even richer.

    In short, we have all the money we need to do whatever the country needs, but first we need a government willing to do it.

Leave A Comment