A wide current account deficit isn’t necessarily a problem but sometimes it can become one. We’ve got a big current account deficit. It is vital that the British economy retains the confidence of international investors. It amounted to £32.6 billion, or 6.9 per cent of GDP, in the first quarter. This was only a slight narrowing from the previous quarter, which — at 7.2 per cent of GDP — was the widest since quarterly records began in 1955.

Source: The Times July 06, 2016 15:56 UTC