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Showing results for tags 'current account deficit'.
From the report's summary (abridged) Full report here. From the report: I haven't had a chance to read the full report yet, but it looks like it's worth a look
The simple mathematical reality is that after many decades where global change bestowed great fortune on the UK, its long-ignored balance of payments problem is now set to cause immense chaos and societal change in coming years. In my career in hedge funds I traded mortgage bonds, including through the credit crisis of 07/08 and this gives me great insight into the nature of what is now afoot in the UK. The UK economy is like no other I know. It simply doesn’t work like other economies which is why so few understand it. Most leading economists (alongside politicians and journalists) choos