UK exports are strong

UK exports at record highUK exports reached a record high of £640bn in the last financial year, up by £18.5bn on the previous year. The ONS figures showed UK firms sold more overseas in the last financial year than at any time since records began. UK exports also grew faster than those of Germany, France and Italy between 2016 and 2018, according to the Organisation for Economic Co-operation. Britain's 13.8% rate also outstripped the EU's overall rate of 11.9%. However the total UK trade deficit has widened to 3.4%. International Trade Secretary Liam Fox said: "These new numbers highlight the quality and innovation of British goods and services and how much they are valued across the globe.”