A £500m rise in cars shipped abroad fails to ease prospects of huge deficit in third quarter fueled by strong pound plus eurozone woes and declining oil industry
A 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 huge 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