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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 Subject Lead in Economics at tutor2u for many years after a career of teaching Economics, Business, Politics and Maths in a range of secondary schools. She is a highly experienced A level Economics Examiner, and also teaches undergraduate Economics on a very part-time basis at the University of Oxford. Ruth is passionate about making economics fun, engaging and accessible.

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