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The Day in Trade: UK good trade deficit increases to record high as Reeves touts closer EU relationship
ViewA raft of statistics released today shed light on the UK’s economic performance in 2025. While its goods trade deficit rose steeply to record levels, the inverse was true for services, which saw its surplus peak.
The Week in Trade: Major warning on sanctions enforcement, UK’s goods trade deficit widens and International Trade Awards 2026 launch
ViewFirms need to be especially vigilant to comply with Russian sanctions. That export control warning was sounded loudly this week, amid a growing number of breaches and circumvention attempts. Elsewhere, new figures from the Office for National Statistics (ONS) revealed a sharp rise in the UK’s goods trade deficit in 2025, while the Chartered Institute of Export & International Trade announced the opening of its flagship trade awards programme for 2026.
The Week in Trade: Freight watchers remain uneasy over Strait of Hormuz, new avenue for defence exporters and Heathrow’s value to UK trade
ViewThe picture for global supply chains in the Middle East remains unclear, despite the recent US-Iran truce. However, traders received some good news when UN trade data found that global trade momentum from 2025 has carried into 2026.