British economy contracts more than expected
The British economy has contracted more than was expected in the last quarter of 2012, new gross domestic product figures have indicated.
Britain's goods trade deficit with the rest of the world was wider than expected in April, after disruption to air traffic as a result of the Icelandic volcanic ash cloud hit both exports and imports, official data showed on Wednesday.The Office for National Statistics said Britain's goods trade deficit with the rest of the world widened to 7.279 billion pounds in April up from a downwardly revised 7.259 billion in March and the biggest since January.