Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential implications for his policies of the trade deficit.

In the 12 months to February 2026, the UK trade deficit (excluding precious metals) was £14.8bn, comprising a £210.1bn trade in services surplus, and a £225.0bn trade in goods deficit. The UK trade deficit (excluding precious metals) has remained broadly similar year-on-year, and stood at £14.9bn in the 12 months to February 2025 (ONS, 2026).

The Department for Business and Trade’s primary objective is to promote economic growth. As set out in Industrial and Trade Strategies published in 2025, we seek to improve UK productivity and competitiveness, strengthen our export capability, attract inward investment, and support resilient supply chains.