The Office for National Statistics (ONS) has today revealed the UK’s trade gap narrowed in February, due to a recovery in exports.
According to the ONS, goods exports surged 9.5% in February, following on from a wintry January which affected trade.
The ONS said the February deficit on goods trade narrowed to £6.17 billion, down from £7.52 [...]
State-owned bank Northern Rock has today announced losses for the 2009 year fell to £258 million, compared with £1.36 billion in the previous year.
Despite the loss, the Newcastle-based bank said it is awarding staff £14.9m in bonuses but Gary Hoffman, the chief executive of Northern Rock, is waiving his payout.
Northern Rock said Mr Hoffman’s long-term [...]
The Office for National Statistics (ONS) has today reported that British exports rose at their fastest monthly pace in July, bringing further hopes of a recovery.
According to the ONS, exports rose 5% on the month to £19.187 billion – the fastest rise since January 2008, while the value of imports grew by 3.5% to £25.66 [...]