Full 2023 detailed services trade data from the @ONS is out today. Unlike goods trade (which fell 7% in current prices between 2022-2023), services trade posted another strong year (growing +17%).

...🧵 Comparing 2022 and 2023 in current prices, services imports grew by 19% from Non-EU and 23% from EU countries. Exports grew 13% to non-EU countries, and 16% to EU countries.

🚨Last year was the hottest on record. Britain urgently needs to decarbonise our infrastructure. But how can we both reach net zero and support low-to-middle income households? 1/x Our power sector is the basis for almost all other sectors to reach net zero. By 2040, Britain’s homes will consume 45 per cent more electricity than in 2025, while road transport electricity demand will increase 13-fold, as heat pumps and EVs become commonplace.