P.M. BRIEFING : British Trade Gap at 3 1/2-Yr. Low
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From Times Wire Services
LONDON — Britain’s trade gap fell dramatically in September to the lowest monthly figure in 3 1/2 years, the government reported today.
The current account deficit declined to $1.67 billion from August’s $2.35 billion, the Central Statistical Office said. It was the first time the trade gap was below $1.96 billion this year.
The improved trade picture was a bonus for Prime Minister Margaret Thatcher’s Conservative government following other gloomy economic figures recently.
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