A Trade Deficit is the result of people buying goods and services from outside their communities on credit. It is a social phenomenon. It happens because local and national government is weakened and becomes the dispenser of benefits rather than the shepherd of wealth. Imagine what could happen if somewhere like Sunderland had an innovativeContinue reading “Localism and Solving the Trade Deficit”
Author Archives: eutradedeal
The UK Current Account
The UK Current Account of the Balance of Payments is in near catastrophic deficit. It is obvious that a country cannot operate a huge current account deficit indefinitely because it will run out of money. It can run the deficit while it is credit worthy but the deficit itself destroys that credit worthiness. As SushilContinue reading “The UK Current Account”
Why a Trade Deal is Needed
Something has been going badly wrong with UK-EU Trade. The UK-EU Trade Deficit was £66 billion in 2018. Why? It is not because the UK is failing to produce the goods and services that people want because the UK is in surplus with the world outside the EU by £ 36 billion pa. What isContinue reading “Why a Trade Deal is Needed”
The UK-EU Trade Deal
The forthcoming EU Trade Deal will set the tone of all further UK Trade Deals. There are two objectives for Trade Deals: increase the volume of trade and keep the Trading and Current Accounts in balance in the long term. The second objective, that of balancing the accounts in the long term, is usually admittedContinue reading “The UK-EU Trade Deal”
The UK-EU Trade Agreement 