Britain’s trade deficit rises to a record high of 27.9 billion. GBP as trade with Russia hits historic lows

New data showed this morning that Britain’s trade deficit in goods and services widened again in the second quarter to a record £27.9bn.

In addition, monthly imports from Russia fell to a paltry £33m, the lowest since records began and down from over £1.8bn. in both January and February this year.

Also during the 2nd quarter, imports increased by £14.3 billion. to £206.6bn, but exports rose by £12.3bn. to £178.6bn.

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