UK car sales fall for 8th month running; anger over rail fares rise – business live

The slowdown in Britain’s auto industry has continued, as rising inflation and anxiety over diesel hits salesCar sales fell by 11.2% in NovemberIndustry: It’s a major concernDiesel sales slumped by 30%Earlier:Sterling hit by Brexit angstRail passengers face biggest fare rise since 2011…..and they’re not happy 1.42pm GMT Newsflash: America’s trade deficit has widened to a nine-month high – a move that won’t please Donald Trump.The gap between what the US imports and exports jumped by 8.6% to $48.7bn in October, the Commerce Department says. U.S. trade deficit surges 8.6% in October to 9-month high of $48.7 billion on higher imports of oil, consumer electronics. Potential drag on Q4 GDP*U.S. OCT. TRADE DEFICIT WIDENS TO $48.7 BLN; EST. $47.5 BLN 1.35pm GMT The fall in the pound’s value is supporting shares in London today.The FTSE 100 is the only European stock index that hasn’t lost ground – as investors ponder Brexit, and the prospect of US tax reforms.“The two overarching macro themes the market honed in on overnight have been the response from European and U.S. traders to the Senate passing its tax plan and that no deal has yet been formally reached in the Brexit negotiations,” Continue reading…
Via: UK car sales fall for 8th month running; anger over rail fares rise – business live