- The UK trade deficit in goods and services was £3.3 billion in April, a narrowing of £0.2 billion from March 2016
- In the three months to April 2016, the trade deficit in goods and services narrowed by £2.1 billion compared with the previous three months
Commenting on the UK trade figures for April 2016, published today by the ONS, David Kern, BCC Chief Economist, said:
“While the fall in the trade deficit is welcome, it still remains unacceptably large and is likely to be a drag on UK growth in Q2.
“April’s figures also highlight the need for the government to do more to support exporters, including improved access to finance for companies looking to break into new fast-growing economies.”