OnlyMe Posted June 9, 2010 Share Posted June 9, 2010 LOL! The trade gap is piss poor and ruinous for the country, the government are scrabbling around to save £6bn a year when more than that is pissing down the country's trouser leg every month. http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=3505928 UK trade gap widens after ash cloud Wed 09 Jun 2010 UK trade gap widens after ash cloud LONDON (SHARECAST) - The UK’s goods trade deficit with the rest of the world widened in April as the volcanic ash cloud disrupted transportation of goods. The deficit on trade in goods rose to £7.279bn from £7.259bn in March, with exports falling by 0.6% and imports by 0.4%, figures from the Office of National Statistics (ONS) show. The ONS said that, while imports and exports were both affected by the ash cloud, it is impossible to quantify the impact Quote Link to comment Share on other sites More sharing options...
piece of paper Posted June 9, 2010 Share Posted June 9, 2010 LOL! The trade gap is piss poor and ruinous for the country, the government are scrabbling around to save £6bn a year when more than that is pissing down the country's trouser leg every month. http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=3505928 UK trade gap widens after ash cloud Wed 09 Jun 2010 UK trade gap widens after ash cloud LONDON (SHARECAST) - The UK’s goods trade deficit with the rest of the world widened in April as the volcanic ash cloud disrupted transportation of goods. The deficit on trade in goods rose to £7.279bn from £7.259bn in March, with exports falling by 0.6% and imports by 0.4%, figures from the Office of National Statistics (ONS) show. The ONS said that, while imports and exports were both affected by the ash cloud, it is impossible to quantify the impact But only the transportation of outward bound goods it would seem. p-o-p Quote Link to comment Share on other sites More sharing options...
matroskin Posted June 9, 2010 Share Posted June 9, 2010 But only the transportation of outward bound goods it would seem. p-o-p And transportation of inward bound tourists. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted June 9, 2010 Share Posted June 9, 2010 When your two main trading partners* are cutting back it makes sense that exports will fall. Duh. At least China is exporting more so there is some comfort there. Hang on.......................... http://uk.finance.ya...a466d4.html?x=0 Most Asia stocks recover on China export jump Sugita Katyal, 8:34, Wednesday 9 June 2010 SINGAPORE (Reuters) - Most Asian stock markets clawed back early losses Wednesday and the euro stabilised as news of stronger-than-expected exports from China offset worries that Europe's debt problems will stifle demand for Asian goods. The Chinese numbers also sparked what looked to be a tentative return of risk appetite in markets globally. *EU and USA Quote Link to comment Share on other sites More sharing options...
council dweller Posted June 9, 2010 Share Posted June 9, 2010 The Gbp needs to lose another 30%. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted June 9, 2010 Share Posted June 9, 2010 FOREX reacted positively on the trade gap sending the pound up about 50bp vs. $ and Euro $= 1.44949 Euro= 1.21118 Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted June 9, 2010 Author Share Posted June 9, 2010 The Gbp needs to lose another 30%. Nope, if your structural problems internally are not fixed all you do is increase the cost of imports and reduce the value of your exports. It is the intentional bubble blowing that is preventing investment in and increase of the manufacturing capacity in a competitive global market. Lots of lovely brownfield sites to sell for overpriced housing though. Quote Link to comment Share on other sites More sharing options...
Godley Posted June 9, 2010 Share Posted June 9, 2010 Surely the ash cloud would effect imports and exports in the same proportion. Or is it only exports that get effected by volcanic ash clouds? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted June 9, 2010 Share Posted June 9, 2010 Surely the ash cloud would effect imports and exports in the same proportion. Or is it only exports that get effected by volcanic ash clouds? Is it not the case that our largest export market is the EU and is it not also true that nearly all exports are shipped via the Chunnel? Seems to me this is another load of shoe menders much as the late snow was used by EAs to explain the turning property market. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted June 9, 2010 Share Posted June 9, 2010 Surely the ash cloud would effect imports and exports in the same proportion. Or is it only exports that get effected by volcanic ash clouds? indeed, imports of oil for planes would have taken a tumble. Quote Link to comment Share on other sites More sharing options...
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