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UK Balance of Payments 2nd quarter 2011
The UK’s current account deficit was £2.0 billion in Q2 2011, down from £4.1 billion in the previous quarter. The total trade deficit widened to £6.8 billion in Q2 2011 from £5.8 billion the previous quarter. Total income surplus was £9.6 billion, up from £7.4 billion in Q1 2011. The financial account recorded net investment abroad of £9.0 billion during Q2 2011. The international investment position recorded UK net liabilities of £115.0 billion at the end of Q2 2011. SummaryThe UK current account recorded a deficit of £2.0 billion in the second quarter of 2011, down from a revised deficit of £4.1 billion ... (full story)
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