3 ms·
UK is running a massive trade deficit. I'm pretty sure falling GBP does not excerbate the problem in any way, shape or form /s
by emp_zealoth 10y ago
UK is running a massive trade deficit. I'm pretty sure falling GBP does not excerbate the problem in any way, shape or form /s
- pjc50 10y agoThe current account deficit used to be the stuff of news bulletins. It's barely mentioned these days as everyone assumes we can continue to pay for imports with foreign capital investment. This used to be a benefit of our "stability premium", as it is for Switzerland; we'll have to see if this continues.
- lazyjones 10y agoTrade deficit and falling pound means: importing goods becomes more expensive, exporting and producing for the local market becomes easier.