Many economists are hoping that the fall in sterling since the start of the recession will help reduce the current account deficit, particularly in the trade of goods. However, the latest figures are a harsh reminder that it is not that simple - the UK must also have products that are worth exporting!Wednesday, 10 March 2010
UK Trade Deficit Widens, despite weakened pound.
Many economists are hoping that the fall in sterling since the start of the recession will help reduce the current account deficit, particularly in the trade of goods. However, the latest figures are a harsh reminder that it is not that simple - the UK must also have products that are worth exporting!
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