UK trade deficit widens to £1.6bn in June – BBC News
You have to admire the “glass half full” reporting style of news pieces covering the UK’s trade deficit.
Every month, every quarter, every year they tell us we’re losing billions, that manufacturing is down and that the services sector is all that’s keeping us from commercial oblivion (due to lack of investment in anything that actually makes anything).
But they always manage to find a bright side – in this case, it’s worse than last month but not as bad as the last quarter. Great!
Who’s fooled?
The UK trade deficit almost doubled in June to £1.6bn, from £885m the previous month, the Office for National Statistics (ONS) has said.
A deficit of £9.2bn on goods was partly offset by a £7.6bn surplus on services.
Exports fell slightly, reflecting in part weaker demand in the eurozone.
Despite the sharp monthly increase, the deficit for the second quarter was, at £4.9bn, considerably smaller than the £7.5bn deficit recorded in the first three months of the year.
Source: UK trade deficit widens to £1.6bn in June – BBC News
Join the Vox Political Facebook page.
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:
Buy Vox Political books so we can continue
fighting for the facts.
Health Warning: Government! is now available
in either print or eBook format here:
The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:
The deficit was expected to be £2.4bn. The actual result is being interpreted as a bullish sign?
Blah, blah, blah… Still a loss.
Troll distractions – don’t bite – just ignore. Was it a question or a statement? Who cares? ‘Just BS anyway.