Commenting on the September trade figures, published today by the ONS, David Kern, Chief Economist at the British Chambers to Commerce (BCC), said: 

“September’s trade deficit was worse than expected, mainly due to a surge in imports. While rising imports may indicate higher domestic economic activity in the final weeks of the third quarter, Britain’s overall trading performance is still disappointing.   

“Sterling is still very competitive and signs of growth in the eurozone provide good opportunities for our exporters. The government needs to do everything in its power to enable British exporters to trade effectively, and must ensure that trade finance is readily available. Other countries are taking action to support an export-led recovery, and the UK must do the same.”