By Daniel Hunter

Figures from the Office for National Statistics (ONS) show that the UK trade deficit narrowed to £2.8bn in March from £3.3bn in February.

The country's £10.1bn deficit in goods was bigger than expected, but was partially offset by a £7.3bn surplus in services, the ONS said.

Goods exports were 1.4% higher than in February, while imports were down 1%.

For the three months to the end of March, the deficit was £7.5bn, £1.5bn more than in the previous quarter.