Skip to main content

UK trade deficit for goods hits record high in 2025 - Financial Times

Britain reported a £248.3bn trade deficit for goods in 2025, £30.5bn more than the previous year and the largest since the collection of comparable data began in 1997, according to figures published by the Office for National Statistics on Thursday. 

By contrast, the UK exported £191.8bn more in services than it imported. That marked an increase of £16.4bn from the previous year and the largest on record.


Overall, in 2025, the volume of goods and services imports increased by £32bn, or 3.4 per cent, to £959.2bn. Exports increased by £17.9bn, or 2 per cent, to £902.8bn in the year. This means that the overall trade deficit widened by £14.1bn to £56bn last year.

 UK trade deficit for goods hits record high in 2025

 

 

 

Comments

Popular posts from this blog

How The Economic Machine Works by Ray Dalio - Bridgewater

Source: How The Economic Machine Works by Ray Dalio

Letter: Why the geopolitics of international currency choice matters - FT

This coincidence must alert readers that a tempest is brewing on subjects noted: lurking inflation, increasing debt, suppressed interest rates and the shifting of hegemonic power.  There are only two important questions in investing that also apply to subjects impacting the future stability of the world — tell me why and tell me when.  Plender gives us the “why”, the ever-increasing “intolerable burden” of government debt and suppressed rates leveraging the global financial system. He gives us the tipping point.  What we await is “the when”, as in when do we know we have “tipped”.  Paul Hackett Madison,  NJ, US    Letter: Why the geopolitics of international currency choice matters

Enough cool heads are pulling back from the brink - John Authers - Bloomberg

  Beyond the duration of the shock, we also need to monitor the impact on central banks and on the macroeconomy. Societe Generale’s Manish Kabra lays out the criteria as follows: An exogenous shock lasts beyond a week, but oil spikes usually peak in three months. That’s the timeline and only two things matter: 1) shock duration and 2) the Fed’s reaction function. Alternatively, Henry Allen of Deutsche Bank suggests that for a risk-off bear market to follow an oil shock, three conditions need to be met: 1. Large and sustained oil price spike: An oil price spike of at least +50-100% that is sustained over several months. 2. Hawkish policy response: The shock forces a sharp, hawkish pivot from central banks to fight the resulting inflation (e.g. 1979, 2022). 3. Broader macro damage: The shock is big enough to tip an already-slowing economy into recession.   Iran Oil Panic: Enough Cool Heads Are Pulling Back From the Brink - Bloomberg