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In the News

The UK's rising trade deficit

Ruth Tarrant

10th December 2015

The UK's trade deficit shot up to £4.1bn in October 2015, from £1bn in September. One major contributing factor has been a significant increase in the demand for imported trucks and delivery vehicles for couriers in the lead up to the Christmas shopping season. The deficit in visible trade (i.e. trade in goods) has also increased, causing concern that the government's attempt to rebalance the economy in favour of manufacturing is not working - the situation isn't helped by falling North Sea oil exports and rising oil imports.

Ruth Tarrant

Ruth has been an enthusiastic Head of Economics and Politics for many years, having taught in a variety of schools and at university level. She is also a Senior Examiner. Ruth is passionate about boosting the quality of teaching and learning across all subjects in schools and colleges.

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