On Borrowed Time: Finance and the UK's current account deficit
Article
The UK’s longstanding current account deficit indicates that the UK economy has a fundamental problem of international competitiveness.
While in the past we have been able to support this through international borrowing, this is not sustainable in the long-term, particularly if Brexit leads to a weakening of the economy and its perceived attractiveness to overseas lenders and investors.
This discussion paper sets out four key propositions on the drivers of our current account imbalance, the ways in which it makes our economy vulnerable and hampers overall economic performance, and the actions needed to reduce it.
Related items
Planes, trains and automobiles: How green transport can drive manufacturing growth in the UK
Transport is essential to our lives. Unfortunately, it is currently also the largest source of UK domestic carbon emissions.Regional economies: The role of industrial strategy as a pathway to greener growth
Regions like the North should have a key role to play in the development of a green industrial strategy.Achieving the 2030 child poverty target: The distance left to travel
On 27 March, the Scottish government will announce whether Scotland’s 2023 child poverty target – no more than 18 per cent of children in poverty – was achieved.