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
Filling the funding gap: at what cost to Scotland’s public services?
Last week the Scottish government published its delayed Medium Term Financial Strategy (MTFS) which ‘provides the economic, funding and spending outlooks for the financial years 2025/26 to 2029/30’ and ‘the Government’s fiscal strategy to…This time must be different: Overcoming barriers to social care reform
Adult social care services across England are struggling to keep up with increased demand, let alone improve. But failure is not an option.En route to renewal: Delivering better, greener buses
Good buses drive a strong economy, healthy environment and thriving society.