iPhone | iPad
Android
Huawei
Shorter iPhone 16 shipping times signal soft demand
KT APPDOWNLOAD
Britain sees record high trade deficit in 2005
LONDON — Britain recorded its biggest ever annual trade in goods deficit in 2005, official figures showed yesterday.
The office for National Statistics said that the trade in goods deficit rose to a record £65.5 billion (95.1 billion euros, $113.9 billion) last year from the previous annual high of £60.4 billion in 2004.
The 2005 deficit was equivalent to 5.4 per cent of British gross domestic product — the highest proportion since 1974 when it stood at 6.3 per cent of GDP.
The news sent sterling sliding ahead of an interest rate decision later Thursday from the Bank of England. The pound, hit also by a weak housing market survey, slipped to 1.7388 dollars after the trade data from 1.7417 beforehand.
National Statistics said that the total goods and services deficit also struck a new all-time annual high of £47.6 billion, up from the previous high of £39.0 billion in 2004.
HSBC economist Janet Henry said that the trade news was “a continuation of the underlying deteriorating trend”.
More news from
Easing dollar index making bullion more attractive to buyers holding other currencies
Offline capacity in Gulf of Mexico supports prices
Course offers training in English language, interviewing skills, resume writing, and job search tips
Beloved to tourists as well as residents, these spots not only fulfil your food and shopping cravings, but also provide experiences in nature
It means that residents are within a quarter-hour walk or bike ride from everything they need to a lead a good life
The Minister of Youth shared some exercises — from walking to fitness and balance training — integral to his reconditioning programme
Pezeshkian's remarks came as the Islamic republic marked the anniversary of the September 2022 death of 22-year-old Iranian Kurd Mahsa Amini in police custody