The still unrepentant UK

12 January 2010 By Ian Campbell

The falling dollar helped cut the U.S trade deficit in half, but growth has returned and the trade shortfall is once again increasing. Weak currencytherapy hasn’t worked in the UK, where exports have hardly budged. The UK economy remains unbalanced and unready for strong growth.

This content is for Subscribers only

Context News

The U.S. government reported that the country's trade deficit rose to $36.4 billion in November, up by 9.7 percent from $33.2 billion in October. The increase was more than analysts had expected. Imports totalled $174.6 billion, up by 2.6 percent from October while exports amounted to $138.2 billion, up by 0.9 percent on October.

The UK's statistical office reported that the UK's trade deficit fell to 6.8 billion pounds in November from 7 billion pounds in October, with import spending down by 0.8 percent and export earnings up by 0.1 percent.

Email a friend

Please complete the form below.

Required fields *