UK's widening trade in goods deficit 'largely due to EU'
Britain's independent statistics agency says the country's trade in goods deficit widened almost tenfold over the past two decades largely because of a worsening in the trade balance with the other countries in the European Union.
In a study released Monday, the Office for National Statistics said Britain's total trade in goods deficit widened from 14.7 billion pounds ($19.1 billion) in 1998 to 130.7 billion in 2017 in real terms and that was primarily due to trade with the EU.
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From 1998 to 2000, Britain had an average 3.5 billion-pound trade in goods surplus with the EU. In 2001, the surplus turned into a deficit and totaled 93.7 billion pounds last year.
Supporters of the country's exit from the EU say Brexit can help the country's trade position.
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