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Listen "Balance of Payments"
Episode Synopsis
What is the balance of payments, and why does the UK’s current account deficit matter? In this episode, we break down the components of the balance of payments, including the current account, capital account, and financial account, and explore how they interact. We’ll focus on the UK’s persistent current account deficit, what it means for the economy, and how it connects to trade, foreign investment, and global competitiveness.
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