Lord Stoddart of Swindon – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Lord Stoddart of Swindon on 2015-11-09.

To ask Her Majesty’s Government what was the deficit in trade with the EU in 2014 in (1) goods, and (2) overall in goods and services; and how that deficit is financed.

Lord Maude of Horsham

The UK’s trade in goods deficit with the EU was £78.9bn in 2014. The overall trade in goods and services deficit with the EU was £61.7bn.

The UK’s total trade deficit is financed by a net inflow of investment in the financial account, for which data is not available on a geographical basis. The UK’s financial account surplus was £89.4bn in 2014.

Source: ONS Pink Book 2015