The external balance sheet of the United Kingdom: recent developments

Quarterly Bulletin 1987 Q4
Published on 01 December 1987

This article, which continues an annual series, examines changes in external assets and liabilities - recorded in 1986, and indications for the first half of 1987. Limited international comparisons are drawn. The article also considers the earnings on these assets and liabilities, comparing estimates of the full return, which includes capital gains, with the recorded flow of interest, profits and dividends; and factors affecting the banks' overall contribution to the current account are described.

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