The UK’s monthly trade deficit with the rest of the world grew in December to its biggest since May, as the nation also hit a record annual trade gap.
The Office for National Statistics said the goods trade deficit was £7.14bn ($14bn) in December, as against £6.87bn the previous month.
December’s figures helped push the annual trade deficit to its biggest since figures began in 1697.
The total UK trade deficit for 2006 was £55.8bn, up from £44.6bn in 2005.
Ross Walker of RBS said the trade figures are “a little bit worse than expected, a larger deficit than expected”.
UK annual trade gap hits record