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UK trade deficit widens in January on higher imports

Britain's total trade deficit widened in January from the previous month, driven by higher imports of aircraft, cars and fuel.

The U.K.'s goods and services deficit increased by about £600 million to £3.07 billion in January from £2.49 billion in December 2017, the Office for National Statistics said.

The goods trade deficit increased to £12.33 billion in January from £11.77 billion in the previous month as imports of goods rose 3.5%, primarily because of higher imports of aircraft and cars from non-EU countries and increased imports of fuels from EU countries.

The services surplus ticked down to £9.25 billion in January 2018 from £9.28 billion in the previous month.

In the three months to January, total trade deficit widened by £3.4 billion to £8.66 billion, compared to £5.26 billion in the three months to October 2017, due to an increase in goods deficit and a decline in services surplus.