Why is the UK’s Trade Deficit So Large? | UK Economy Update
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Why is the UK’s Trade Deficit So Large? | UK Economy Update
The UK recorded a record £210bn trade deficit in goods in 2024, highlighting a persistent structural imbalance. Declining North Sea oil and gas output has made the UK a net energy importer, increasing reliance on costly LNG and pipeline gas. Post-Brexit non-tariff barriers have hindered UK-EU trade, while the motor sector struggles with EV ...
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