•The United Kingdom’s (UK) current account deficit was £14.5 billion in Quarter 1 2013, up from a revised deficit of £13.6 billion in the previous quarter. The deficit in Quarter 1 2013 equated to 3.6% of GDP at current market prices, up from 3.5% in the previous quarter. •The trade deficit narrowed to £6.1 billion in Quarter 1 2013, from £8.3 billion in the previous quarter. •The income balance switched to a deficit of £2.1 billion, from a surplus of £1.0 billion in Quarter 4 2012. •The financial account recorded net inward investment of £10.2 billion during Quarter 1 2013. •The international investment position ... (full story)