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 (1017 views)
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3 Comments

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.

Tuesday, July 11, 2006 03:33PM Report Comment
 

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?

Tuesday, July 11, 2006 04:50PM Report Comment
 

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).

Tuesday, July 11, 2006 08:30PM Report Comment
 

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