Thursday, 30 June 2016

ONS Publishes Q1 2016 CAD Figures for the UK

The ONS has published its Q1 CAD figure of £32.6 billion (3x2=6). This means value of imports exceeds the value of exports.

George Osborne, the UK's Chancellor of the Exchequer since 2010, expressed an interest in managing the economy to surplus, but has since retracted this aim post Brexit (the "Exchequer" was the medieval English institution responsible for collection of revenues, whose name comes from a physical table used to perform tax calculations).

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