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31 March 2015

UK current account deficit 2014: biggest since 1948 - very frightening!


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"In 2014, the UK’s current account deficit was £97.9 billion, up from a deficit of £76.7 billion in 2013. The deficit in 2014 equated to 5.5% of GDP at current market prices."


"This was the largest annual deficit as a percentage of GDP at current market prices since annual records began in 1948."

Marginal improvement in Q4 2014 but still very frightening: Full ONS release



© Graham Bishop


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