UK trade deficit in August – 2nd highest on record

The UK’s deficit on trade in goods and services increased to £4.2bn in August, from £1.7bn in July, according to the Office for National Statistics. This was the second highest figure on record for the total trade deficit. Our trade in goods deficit also widened to £9.8bn from £7.3bn in July. This was due to a drop in exports and … Continue reading

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Sharp rise in UK unemployment

Recovery, what recovery? Unemployment rose by 80,000 to 2.51 million in the three months to July, according to figures released this morning by the Office for National Statistics. This means that the jobless rate now stands at 7.9%. The so-called Claimant Count – those claiming Jobseeker’s Allowance, rose by 20,300 in August to reach 1.58 million. There was also a … Continue reading

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