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Taylor Comments On Trade Deficit Figures

11.49.16am BST (GMT +0100) Mon 11th Aug 2003

Matthew Taylor MP

Lib Dem Shadow Chancellor of the Exchequer, Matthew Taylor MP

Commenting on this morning's trade figures showing a widening of the trade deficit Liberal Democrat Shadow Chancellor Matthew Taylor said: "With investment stagnant and the trade deficit widening, Britain is performing worse than our major competitors in many areas."

"Gordon Brown likes to blame the rest of the world for our economic problems. But the evidence is clear - his red tape, tax complications, and a history of an over-valued pound have left us trailing the world."

Ends

Note to editors

1. This morning's figures showed that exports (excluding oil & erratics) in the last three months have fallen 7.5% on the same three months last year.

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[Previous news story]: Pensions Minister's Regulation Call Is A Load Of Old Cockles - Oakeshott (Fri 8th Aug 2003).
[Next news story]: Government Turning Back On Manufacturing Job Losses - Holmes (Wed 13th Aug 2003).

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