Uk Global Trade Deficit Sets Record Worst-Ever Oil Balance and Hurricane Payments by Lloyd's Blamed for August Gap of Gbp5.34bn
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Summary
THE UK's global trade deficit surged to a record in August, as the worst-ever oil balance and an estimated GBP1.4bn of payments from insurance market Lloyd's of London for Hurricane Katrina- related claims took their toll.
National Statistics said yesterday that the UK's deficit in goods and services trade with the rest of the world jumped to an all-time high of GBP5.34bn in August, from an upwardlyrevised GBP3.94bn in July. The trade records started in 1697.See the full content of this document
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Uk Global Trade Deficit Sets Record Worst-Ever Oil Balance and Hurricane Payments by Lloyd's Blamed for August Gap of Gbp5.34bn
The great widening of the deficit in August was attributed by National Statistics to "a downward adjustment to services data of GBP1.4bn to account for the estimated payment of claims by Lloyd's of Lond...
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