Last year I said that export markets are key to a long term recovery.
One essential element of any stable economy is a strong manufacturing base. It's just as important to tackle this deficit, as it is to tackle the central government financial deficit.
There has been a small recovery last year, but as you can see from the chart below there is a long way to go.
One essential element of any stable economy is a strong manufacturing base. It's just as important to tackle this deficit, as it is to tackle the central government financial deficit.
There has been a small recovery last year, but as you can see from the chart below there is a long way to go.
Balance of payments - trade in goods UK (figures in millions and UK pound)
Update:
Balance of trade for the UK divided into categories, between 1970 and 2009. Data from: ONS
