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| FPB: Eurozone crucial to UK's recovery |
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| Latest Recruitment News - HR and Recruitment Legislation News |
| Written by DirectNews Feed |
| Tuesday, 15 June 2010 00:00 |
 The Forum of Private Business (FPB) said yesterday (June 14th) that the welfare of the European economic recovery is vital if the UK is to close its trade gap on the rest of the European Union (EU). According to official statistics released last week, the UK's deficit on trade and goods increased to £3.3 billion from £3.2 billion in April, while the country's surplus on these commodities slipped slightly to £4 billion. Chris Gorman of the FPB stated that these disappointing results can be attributed somewhat to currency fluctuations across the continent caused by the ongoing eurozone financial crisis. This has seen the economies of several countries across Europe, such as Greece, Spain and Portugal, teeter on the brink of collapse in recent months. Meanwhile, Britain's export figures declined by 0.6 per cent over the course of the month, a drop that can be blamed strongly on the travel chaos caused by the Icelandic volcanic ash cloud, the spokesman indicated. Mr Gorman said: "Speaking with our members there is an air of being content to see how things go - no-one is pessimistic or optimistic," he added. Posted by Daniel Frost 
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