Bank of England warning over current account deficit
by Sean Farrell from Economics | The Guardian on (#6JDQ)
FPC fears financial markets may turn against UK economy in time of stress as gap between money paid out and money brought in was 50% higher than expected
The UK's large current account deficit could cause financial markets to turn against the British economy in a time of stress, the Bank of England has said.
The Bank's financial policy committee (FPC) discussed the current account deficit at its most recent meeting in March and decided to keep it under close review, the meeting minutes showed.
