A £500m rise in cars shipped abroad fails to ease prospects of enormous deficit in third quarter fueled by strong pound plus eurozone woes and declining oil industryA rise in car exports helped improve Britain’s trade deficit in August,according to official figures.
The monthly shortfall in the trade balance for goods narrowed to £3.3bn from £4.4bn in July. However, the UK was still heading for a enormous deficit in the third quarter of the year after an upward revision to July’s shortfall. Related: Global stocks rally as Fed minutes suggest no rush to raise US rates - live Continue reading...
Source: theguardian.com