Trade deficit - 10th Oct 2017 12:26pm
I see we managed - as a country - to spend £5.6 billion more than we earned last month. That works out at about £86 pounds per British nose - and that's just this month! Without the money-changers in the City, (with us at least until brexit) the deficit would have been much worse. £14 billion, or £215 each for the month.
Looking at the deficit figure, it is getting rapidly worse every month. The hope that the brexit referendum drop in the pound helping exports seems not to have materialised. I can't see this getting any better with brexit, not even a 'soft' one, and a hard one would make things a LOT worse.
Does any of this matter? Sadly, yes it does. We are living on tick, and our creditors will eventually decide enough is enough. When they do, we will see a MASSIVE drop in the value of the pound, rip-roaring inflation and a massive influx of expatriate pensioners who will suddenly find their pension in Euros is worth peanuts.
I am normally a fairly optimistic person, but I can see NO good coming from brexit, or this government who evidently cannot make the country earn its way even before brexit was even a possibility. Stockpiling tinned food it appearing to be a sensible thing to do.
Looking at the deficit figure, it is getting rapidly worse every month. The hope that the brexit referendum drop in the pound helping exports seems not to have materialised. I can't see this getting any better with brexit, not even a 'soft' one, and a hard one would make things a LOT worse.
Does any of this matter? Sadly, yes it does. We are living on tick, and our creditors will eventually decide enough is enough. When they do, we will see a MASSIVE drop in the value of the pound, rip-roaring inflation and a massive influx of expatriate pensioners who will suddenly find their pension in Euros is worth peanuts.
I am normally a fairly optimistic person, but I can see NO good coming from brexit, or this government who evidently cannot make the country earn its way even before brexit was even a possibility. Stockpiling tinned food it appearing to be a sensible thing to do.