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Surprise fall in UK's trade gap
Comments
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It is good news imho and is yet more evidence that the British economy is more resilient than some people think - like that horrible little man Jim Rogers!:p "The UK is finished" I don't fink so
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setmefree2 wrote: »It is good news imho and is yet more evidence that the British economy is more resilient than some people think - like that horrible little man Jim Rogers!:p "The UK is finished" I don't fink so
They're doing even better in Iceland:
http://www.dailymarkets.com/releases/2009/01/29/iceland-dec-trade-deficit-at-isk-2889-bln-vs-isk-8076-bln-in-last-year/Iceland Trade Surplus Rises In December
11 days ago
(RTTNews) - Friday, the Statistics Iceland announced that the trade surplus stood at ISK 24.18 billion in December, compared with a deficit of ISK 16.69 billion in the previous year.
During the January to December period, the value of exports rose 8.1% year-on-year to ISK 467.08 billion, while imports value dropped 15.5% to ISK 472.66 billion.
During the period, the trade deficit amounted to ISK 5.58 billion, narrowing from ISK 127.50 billion deficit recorded in the previous year.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
They're doing even better in Iceland:
http://www.dailymarkets.com/releases/2009/01/29/iceland-dec-trade-deficit-at-isk-2889-bln-vs-isk-8076-bln-in-last-year/
That'll be a
PS That's an Icelandic flag- ummm looks like ours, doesn't it LOL:D0 -
I therefore stand fully behind my comments that "In the short term, a weaker pound will hurt a lot more than it helps."
Well I am sure that is a huge relief for everyone. :j
The Comedy just keeps coming and coming.'In nature, there are neither rewards nor punishments - there are Consequences.'0
LOLThis discussion has been closed.
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