January 11, 2017

BoP Current Account Balance SA

   January 11, 2017

BoP Current Account Balance SA

BoP_Current_Account_Balance_SA_data_TMMChart.png

Share this chart

Editor’s Remarks:
The UK’s Office for National Statistics publishes the latest Balance of Payments figures this week, updating them to November 2016. The balance on the current account – which tells us whether a country has a trade deficit or a trade surplus – has been the subject of some focus in the context of Brexit given the pointed relevance of the UK’s trade mettle to debates over its future trading relationship with the EU. The UK has not run a trade surplus for over thirty years, though whether this matters depends on a host of economic arguments. Economists and politicians are nonetheless closely watching this year’s figures to get a picture of how the pound’s depreciation, among other consequences of the referendum, are affecting British trade.

Get articles like this straight to your inbox each morning with our Breakfast Briefing. Sign up by clicking here!

Log in with your details

or    

Forgot your details?

Create Account

Send this to a friend