UK Trade Gap Worsens To 3.6 Billion As Plan A Falters Again

DecentLivingWage

Papers beginning to report on performances from earlier in the year now, looks like the dropping pound didnt help exports as it also made business imports such as components more expensive, eg Mirror which says Britain’s trade defecit with other countries widened to £3.6billion in Feb quoting the Office for National Statistics

Check out all the latest News, Sport & Celeb gossip at Mirror.co.uk http://www.mirror.co.uk/money/city-news/triple-dip-recession-knife-edge-after-1821361#ixzz2Q2WK9z8v
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Thrugelmir

UK Trade Gap Worsens To 3.6 Billion As Plan A Falters Again

What's Labours plan B and how does it rebalance the UK economy?

mystic_trev

Brian Hilliard, Societe Generale

"The manufacturing numbers were a pleasant surprise. They lift a bit of the gloom from the releases in recent months, but we shouldn't get carried away. The industrial production figures were flattered by the very cold weather and energy use. All in all, the figures don't alter the basic outlook."

Ross Walker, RBS

"We thought it would bounce back ... It's hardly a dramatic recovery but it does look to be avoiding a symbolic triple dip recession."

James Knightly, ING

"With the UK's largest oil and gas field coming back on-stream in March, likely leading to another positive gain in output, we are more optimistic that the UK can avoid its third technical recession in five years.

"Unfortunately, February's trade numbers were not as good with the trade deficit posting a sharp widening, largely due to disappointing trade with the eurozone."

Rob Wood, Berenberg

"A temporary respite for manufacturing, but this could a blip or just volatility. This probably makes a triple dip recession less likely but does not change the overall picture of the UK economy which is one of stagnation."

http://www.telegraph.co.uk/finance/economics/9981109/UK-manufacturing-rebounds-trade-gap-widens-reaction.html

Generali

Thrugelmir wrote: »

What's Labours plan B and how does it rebalance the UK economy?

Traditionally the model is to trash the domestic economy. That way consumers can't buy so companies have to export as their domestic clients are all ruined.

Check out the splendid work the Greeks have been doing on narrowing their trade deficit by destroying their local economy. Their trade deficit was as low as it's been in years in December 2012, less than EUR1bn. That's Numptynomics DLW-style!

michaels

Generali wrote: »

Traditionally the model is to trash the domestic economy. That way consumers can't buy so companies have to export as their domestic clients are all ruined.

Check out the splendid work the Greeks have been doing on narrowing their trade deficit by destroying their local economy. Their trade deficit was as low as it's been in years in December 2012, less than EUR1bn. That's Numptynomics DLW-style!

Sadly it means things like going without fairly standard drugs in their pharmacies (can't be bothered to search but it was reported on BBC News website).

When the propogandists start suggesting that a falling currency increases the deficit due to the cost of imported components you know that their grasp of basic economics is minimal but hopefully this is just for media consumption rather than a true failure in understanding.

PaulF81

Generali wrote: »

Traditionally the model is to trash the domestic economy. That way consumers can't buy so companies have to export as their domestic clients are all ruined.

Check out the splendid work the Greeks have been doing on narrowing their trade deficit by destroying their local economy. Their trade deficit was as low as it's been in years in December 2012, less than EUR1bn. That's Numptynomics DLW-style!

But they have a plan... Is it a declaration of war?

http://www.telegraph.co.uk/finance/financialcrisis/9981837/Vast-Greek-war-claims-against-Germany-explode-like-a-time-bomb.html

Looks like it!

angrypirate

Ah, the Mirror. The highly reliable, impartial financial paper. Or should i say, the left wing tabloid. Surely this is a bit too intellectual for the average mirror reader?

CLAPTON

DecentLivingWage wrote: »

Papers beginning to report on performances from earlier in the year now, looks like the dropping pound didnt help exports as it also made business imports such as components more expensive, eg Mirror which says Britain’s trade defecit with other countries widened to £3.6billion in Feb quoting the Office for National Statistics

Check out all the latest News, Sport & Celeb gossip at Mirror.co.uk http://www.mirror.co.uk/money/city-news/triple-dip-recession-knife-edge-after-1821361#ixzz2Q2WK9z8v
Follow us: @DailyMirror on Twitter | DailyMirror on Facebook

Obviously longing to return to those days of high exchange rates in the 1980s and longing for a leader in the same mold as we had then.
It's safe to come here as no-one knows who you are.

Generali

It's interesting to note that the biggest area of increase in import values is in capital goods, that is in investment in future production.

DecentLivingWage

What's worrying is that it was the biggest deficit since last August, and one of the largest on record.

Generali

DecentLivingWage wrote: »

What's worrying is that it was the biggest deficit since last August, and one of the largest on record.

What's worrying about it?