ONS UK Trade Deficit – Barclays Comment

10 Jul 2012 09:56 GMT

Kah Chye Tan, Head of Trade and Working Capital at Barclays comments on today's ONS UK Trade statistics.

“The narrowing of the deficit is good news however confidence continues to be a major barrier for British exporters. European woes are hitting exports and making many businesses reluctant to invest. However for those still stock piling cash, the time for investment is now.”


About Barclays

Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.