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UK trade deficit worsens, sparking new Brexit concern

AFP  |  London 

Britain's trade has risen to a five-month high, official data showed today, sparking concern over looming talks.

The in goods and services, the gap between and imports, widened in November by 0.5 billion pound to a five-month high of 2.8 billion pound, the Office for National Statistics (ONS) said in a statement.

However, the ONS also revealed that industrial output rebounded 0.4 per cent in November compared with activity in October, aided by a strong

Meanwhile this year, divorce talks between and the are set to move on to trade, transition arrangements and security, as prepares to leave the bloc in March 2019.

"This trade data won't exactly help plc in negotiations with Europe, as we begin crucial trade talks in earnest this year and with the deadline looming large," said Jacob Deppe, of trading at Infinox.

"Further negative trade balances will undoubtedly be used by Brexiteers to justify the need to strike new trading relationships around the world.

"But in reality they only help to highlight the weaknesses within the economy, which are bound to be exploited in negotiations both with and other potential trading partners post-

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 19:15 IST