UK balance of payments
Article Abstract:
The pound has certainly declined dramatically against the dollar over the 20th century, but this may become less significant as the UK trades less with the US and more with the European Union, particularly France and Germany. More emphasis is now being placed on the Effective Exchange Rate, rather than the pound-dollar exchange. The UK's trade deficit has steadily worsened since 1994, and the strong appreciation of the pound since Aug 1996, although bringing short-term gains, will have a negative impact on the long term.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
UK balance of payments
Article Abstract:
The UK's visible trade deficit for 1995 is likely to have been 11.6 billion pounds sterling, from 10.8 billion pounds sterling in 1994. There was a 13% rise in the value of both exports and imports in 1995, but the volume of goods exported rose by only 7% and the volume of goods imported rose by 4%. UK government policy tends to assume that key economic aims can be controlled by government actions, but it is proving extremely difficult to eliminate the trade deficit.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
UK balance of payments
Article Abstract:
Recent figures for the UK balance of payments indicate that the outcome for 1995 may not be as positive as had earlier been anticipated. There are signs of a decline in the surplus on earnings from investment, and thus on the invisible account as a whole. The services sector seems to be performing well, so the eventual performance of the balance of payments could depend on the performance of the visibles sector.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Creative eye. part 2
- Abstracts: Product review. part 4
- Abstracts: SPH is back in favor as prices of newsprint seem to have peaked. part 2 American academic is among those fined for article in IHT
- Abstracts: Competition policy. part 3
- Abstracts: Uncertain future: is the U.S.-Japan alliance past its prime? part 2 Eye of the beholder