Friday, Aug 18, 2017

Trade deficit

FT: UK trade deficit swells to eight-month high

One of the responsibilities of the central bank is to manage the trade deficit by raising interest rates, however, Carney for some reason never does this. So it continues on. The UK is all over the place really I wonder how long it can all last.

Posted by stillthinking @ 12:31 AM (3654 views) Add Comment

3 Comments

1. taffee said...

Governments historically spent sleepless nights NEVER to get into this position so either it is part of a masterplan the purpose of which is unknown or they have dug themselves a massive hole

Either way the current situation is unprecedented as will be the consequences

Friday, August 18, 2017 07:01AM Report Comment
 

2. jack c said...

This link should work

www.ft.com/content/406f2a9d-6da6-3b19-b26e-1de82d86f66e

Friday, August 18, 2017 11:05AM Report Comment
 

3. cyril said...

I thought the idea was that the devaluation of sterling would boost exports and re balance the economy?
Oh well, this is nothing to worry about, we can always sell off some more land to Chinese property developers.

Tuesday, August 22, 2017 01:47PM Report Comment
 

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