UK current account deficit at new high
The UK's current account deficit widened to a record high in the final quarter of last year.
The deficit in the three months to December was £32.7bn, the equivalent of 7% of GDP, said the Office for National Statistics (ONS).
For all of 2015, it came to £96.2bn or 5.2% of GDP. Both figures were the highest since records began in 1948.
At the same time, the UK economy grew 0.6% in the fourth quarter of 2015, higher than previous estimates of 0.5%.
As a result, the economy grew by 2.3% for the whole of 2015, rather than 2.2% as previously thought, according to the ONS.
The current account deficit means that the UK imported considerably more goods and services than it exported.
http://www.bbc.co.uk/news/business-35931968
All our fault people. Cut services, tax cuts for the higher paid. More private schools and hospitals.
After 36 years, do we really want to change now.
Stick with the tyranny we know.