UK balance of payments

Article Abstract:

Three major features help to determine the level of the sterling exchange rate which in turn influences the amount British manufacturers are able to sell overseas. The Monetary Policy Committee determines interest rates which alone do not affect the exchange rate whereas economic growth is more influential. The exchange rate will be one factor manufacturers use in determining their future plans and investments. If there is a high sterling exchange rate manufacturers find it more difficult to sell their products. The trade balance is also affected by the level of the exchange rate.

Manufacturing industry, Manufacturing industries, Prices and rates, Foreign exchange, Foreign exchange rates, Monetary policy

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UK balance of payments

Article Abstract:

There has been a reduction in the deficit on the UK's trade in goods with European Union countries since 1998. However, the trade surplus for services appears to be declining, with services being increasingly unable to balance out the deficit on the trade account. This may prompt the Monetary Policy Committee to reduce interest rates.

International trade

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UK balance of payments

Article Abstract:

The trade deficit in UK which is continuing due to the fall in the trade balance due to the rising value of sterling, diminishing oil surplus, slow growth in the EU and the decline in the value of US dollar bringing with it the Chinese renmimbi (RMB) is mentioned. The variable available to combat the rising deficit is to decrease the rate of interest, improve productivity by increasing private investment and also increase the investment in R&D.

United Kingdom, Labor Distribution by Employer, Statistics

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