•The United Kingdom’s (UK) current account deficit was £20.8 billion in the second quarter of 2012, up from a revised deficit of £15.4 billion in the previous quarter. •The trade deficit widened to £10.1 billion in the second quarter of 2012, up from £8.1 billion in the previous quarter. •The income deficit widened to £5.2 billion, up from £1.9 billion in the first quarter of 2012. •The financial account recorded net inward investment of £11.1 billion during the second quarter of 2012. •The international investment position recorded UK net liabilities of £325.8 billion at the end of the second quarter of 2012. (full story)