Britain’s trade deficit widened to £4.2 billion in November as imports grew rapidly before the Christmas period. The weaker pound meant imports were priced higher however retailers have so far managed to shield consumers from the price rises. 2017 is likely to see a squeeze on consumer spending, as pointed out by retail giant Next last week. Exports grew by £700 million providing some relief to the government ahead of Brexit negotiations. Click here to find out more.

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