Britain’s food and drink trade deficit has risen to more than £21 billion, the largest level reported since 2000. The figures show that the UK is importing considerably more food and drink than it exports.
Industry representatives say rising imports and weaker overseas sales have contributed to the growing gap. The situation is attracting attention across Britain’s food and farming industries.
Food is a major part of everyday household spending, making developments in the sector important to both consumers and businesses.
The figures also underline the importance of Britain’s domestic food producers. Farmers, manufacturers and food companies face the challenge of supplying the home market while competing in international markets.
The trade figures have renewed interest in Britain’s food industry and the role of domestic production. Businesses across the sector will be watching future import and export figures closely.
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