Pounds 5.3bn Deficit Raises Fear of Worst Trade Gap Ever

Daily MailDecember 10, 2004

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Summary


BRITAIN'S trade deficit with the rest of the world soared to Pounds 5.3billion in October.

The figure, up from Pounds 4.4billion the previous month, is the result of record imports and a slump in exports. It puts the UK on course for its worst annual deficit since records began in 1697.

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Extract


Pounds 5.3bn Deficit Raises Fear of Worst Trade Gap Ever

The running total so far is Pounds 48.8billion, ahead of the rate recorded during the unprecedented deficit of 200...

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