As Brexit threatens to blast the British economy, few things seem more exposed than the balance of payments.
The current account deficit – the difference between money coming into Britain and money sent out – stood at at higher-than-predicted £32.6 billion in the first quarter, or 6.9 per cent of economic output, the Office for National Statistics said this morning. That is just below a record 7.2 per cent in the fourth quarter of 2015.
Separately, the ONS...
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