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427509
unstar this property registered interest false more like this
star this property date less than 2015-11-10more like thismore than 2015-11-10
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Balance of Trade remove filter
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty’s Government what assessment they have made of the current account deficit in trade. more like this
star this property tabling member printed
Baroness Kennedy of Cradley remove filter
star this property uin HL3529 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-11-18more like thismore than 2015-11-18
star this property answer text <p>The current account deficit was 5.1 per cent of GDP in 2014. The trade balance has been broadly stable, while the UK’s net investment income has fallen, as weakness in the euro area has depressed the returns on the UK’s holding of foreign direct investment. Figures for Q2 2015 show that the deficit has narrowed, driven by an improvement in the trade and investment income balances. The Office for Budget Responsibility forecasts a narrowing of the current account deficit over the forecast period.</p> more like this
star this property answering member printed Lord O'Neill of Gatley more like this
star this property question first answered
less than 2015-11-18T16:41:06.927Zmore like thismore than 2015-11-18T16:41:06.927Z
star this property answering member
4536
star this property label Biography information for Lord O'Neill of Gatley more like this
star this property tabling member
4303
star this property label Biography information for Baroness Kennedy of Cradley more like this