The current account deficit and what it means for Brexit Britain
Britain has long relied on foreigners to fund a big deficit in its balance of payments, a risk that has been heightened by the country's decision to leave the European Union.
Investors have pushed down the value of the pound and demanded higher returns on government bonds because they fear that Britain's economic prospects will diminish.
They are particularly worried by comments from Prime Minister Theresa May who has emphasised that she wants to control migration flows from the EU, something that could limit the country's access to the bloc's single market.
The current account deficit is... read more
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