It's amazing how in this screwed up world the Swiss with a strong currency can have a positive trade balance. Now to me and I can prove lowering your currency to increase exports is a complete load of carp. It's an asinine argument. The stronger your currency the more stuff you can buy including materials to produce goods hence being able to reduce prices. But if you want to pay more for stuff - feel free
The company established by the Treasury to hold the taxpayers' stakes in RBS and Lloyds has been warned to remain "ultra-vigilant" after it was revealed some of the City's biggest investment banks - including Goldman Sachs and UBS - are charging the government a £1 fee for work that would normally cost tens of millions of pounds. Representatives of UK Financial Investments told the Treasury select committee it had paid just £15 for help and advice related to the sale of shares in Lloyds Banking Group and RBS which would normally have cost around £38m. - Guardian
You are correct, but never 11 billion a month, normally floats between 7- 9 billion. Sterling is weak not strong, nosed dived in a few weeks. However I'm going to do my bit to help and possibly cure our trade balance problem by flogging my runner beans to the Chinese. Runner-beanie-soupie with Noddle's.
the uk has always had a very bad import/export balance sheet. you don't have to tell me about the manufacturing sector,other than autos,our place emplys 4000,on the books and is still struggling,big time.http://www.itv.com/news/tyne-tees/topic/tata-steel/ a strong sterling isn't helping.
UK PLC trade balance a disaster, goes off my charts. UK manufacturing for July big miss. So we must be buying more cheap Chinese imports on credit helped by the strong cable only its not strong anymore. On its way down to 1.50 to the dollar. No doubt .gov has answers.
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