Britain's overseas trade deficit soared to an all-time high in November on the back of rising oil imports, new official figures have shown. According to the Office for National Statistics (ONS), the UK's trade deficit widened to £6 billion in November, up from £5.1 billion in October. Much of this increase was attributed to soaring oil imports, with oil balances remaining in negative territory for the fifth successive month. The UK's trade in services continued to show a surplus in November, although it fell by £0.2 billion to £1.5 billion.
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