Tuesday, Jul 11, 2006
Trade deficit / Bank of England / Interest rates?
BBC News: Oil furthers UK May trade deficit
The UK's trade deficit with the rest of the world grew unexpectedly in May, new figures show, with oil seeing its greatest deficit since January.
Posted by kpjcomp @ 03:21 PM (423 views) Add Comment
3 Comments
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1. inbreda said...
So...
we sold all our oil before the price rocketed.
we sold all our gold before the price rocketed.
maybe we should hold onto our houses, because they're sure to increase in value. Forever. Not.
2. uncle chris said...
Hmmmm - seems like we've pretty much sold all the family silver. Maybe we could start selling honours and peerages - ooops - Bliar's already thought of that. Look I'm no economist, so can anyone tell me how, with so much more money leaving the country than coming in over goodness knows how many years, we are still solvent?
3. Sloth said...
"with so much more money leaving the country than coming in over goodness knows how many years, we are still solvent?"
M4 and Services (rapidly being taxed to death).