By Jonathan Davies

The UK's trade deficit widened by £700 million in June, according to the Office for National Statistics (ONS).

The ONS said the trade deficit rose to £1.6 billion in June, up from £900m in May.

Exports fell £300m to £24.9bn as imports grew by £500m to £34.1bn. The ONS said the rise in imports was partly due to a £200m increase in imported oils.

In terms of goods, the UK has a deficit of £9.2bn. But that is partly offset by a £7.6bn surplus in services, which is mainly made up of financial and professional services.