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UK Current Account - NOT just the Balance of Trade!

Penny Brooks

17th March 2015

Beware, in looking at the most recent current account data, of the changes that lie beneath the surface. For in spite of the fact that the trade deficit narrowed to £9.0 billion in Quarter 3 2014, from £9.2 billion in Quarter 2, the current account balance actually widened mainly due to a much greater increase in the deficit on the net investment income (primary income) account from £8.2 billion in Quarter 2 to £12.6 billion in Quarter 3.

Penny Brooks

Formerly Head of Business and Economics and now Economics teacher, Business and Economics blogger and presenter for Tutor2u, and private tutor

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