UK balance of payments
Article Abstract:
The UK balance of payments say an improvement in 1994 when the deficit dropped to 10.5 billion pounds sterling from 13.4 billion pounds in 1993. Interest rates affect the balance of payments by reducing consumer spending levels. High interest rates may also slow investment and the UK government is concerned that investment should be carried out to create capacity for increased exports. Companies are not faced with shortages of labor and may increase their investment levels in 1995, according to a survey by the Confederation of British Industry.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1995
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UK balance of payments
Article Abstract:
The UK balance of payments is likely to be affected by the high level of pound sterling which rose during 1997. Exports of manufactured goods rose in April 1997, and this may be partly due to currency hedging by exporters, and because imported raw material inputs became cheaper. There is also an increase in world trade of manufactured goods. Imports of manufactured goods have risen more than exports, so there is a deficit, but imports of services rose by less than exports, so there is a surplus in trade in services.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1997
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Section 7: The UK balance of payments; UK balance of payments
Article Abstract:
The UK economy enjoyed an improvement in its balance of payments between 1989 and 1991. 1992 figures showed that this situation was unlikely to continue. It is argued that Britain needs a strong manufacturing base to help achieve a surplus, as services need to generate three times the income of goods to earn the same amount. Although services help the balance of payments problem many writers feel they should not be the main plank of the UK economy.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1992
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