Financial Times FT.com

Rising oil imports widen trade deficit

By Daniel Pimlott, Economics Reporter

Published: August 12 2009 03:00 | Last updated: August 12 2009 03:00

Britain's trade deficit widened in June but showed an overall decline across the second quarter as the weaker pound encouraged exports and hit imports.

The trade deficit with the rest of the world rose from £6.2bn in May to £6.5bn in June as imports of oil rose, probably because of lower output from the North Sea, the Office for National Statistics reported.

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