On Borrowed Time: Finance and the UK's current account deficit
Article
The UK’s longstanding current account deficit indicates that the UK economy has a fundamental problem of international competitiveness.
While in the past we have been able to support this through international borrowing, this is not sustainable in the long-term, particularly if Brexit leads to a weakening of the economy and its perceived attractiveness to overseas lenders and investors.
This discussion paper sets out four key propositions on the drivers of our current account imbalance, the ways in which it makes our economy vulnerable and hampers overall economic performance, and the actions needed to reduce it.
Related items
The great enabler: transport’s role in tackling environmental crises and delivering progressive change
In this special issue of IPPR Progressive Review we bring together leading political, academic and civil society thinkers to consider transport in modern Britain and its role in delivering a healthier, greener, more prosperous and…The shape of devolution
How do we create transparent, fair and practical footprints for local power across England?Everything everywhere, all at once: The need for a four nations approach to accelerate wind deployment in the UK
The UK is a world leader in wind deployment and has some of the most ambitious future wind capacity targets in the world, aiming for clean power by 2030.