Friday 6 September 2013

UK trade deficit doubles in July

Source BBC News@ tienganhvui.com


Bank of EnglandImproving economic data is putting pressure on the Bank of England


UK factories increased production in July, up 0.2% from the previous month, according the Office for National Statistics.


It is the latest piece of evidence showing that the UK economic recovery is gathering momentum.


On Wednesday, a report showed that activity in the service sector hit a six-year high.


Many economists now think the Bank of England will have to start scaling back efforts to boost the economy.





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