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News & Blog

BCC: Long term UK trade deficit is cause for concern

Posted: 11th May 2016
  • The UK trade deficit in goods and services was £3.8 billion in March 2016, a narrowing of £0.5 billion from February
  • Between Q4 2015 and Q1 2016, the trade deficit in goods and services worsened by £1.1 billion

Commenting on the UK trade figures for March 2016, published today by the ONS, David Kern, BCC Chief Economist, said:

“In spite of the small improvement seen in March, the UK’s trade deficit worsened over the quarter and remains unacceptably large.

“The trade figures are a further reminder that our external position remains vulnerable. It needs to be a national priority to support businesses in exporting goods and services, and additional efforts are needed to help firms to break into new and faster-growing markets.”

Business Comment

Business Comment is the Edinburgh Chamber of Commerce’s bi-monthly magazine. It provides insight on Edinburgh’s vibrant business community, with features on the city’s key sectors, interviews with leading figures and news on new business developments in the capital.
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