trade deficit - britain posts new record
WORKERS, SEPT 2004 ISSUE
Yet again, Britain has posted a new record monthly trade deficit. June's figure was £5 billion, up from May's record £4.8 billion. The second quarter also saw a new record quarterly deficit, at £10.8 billion, up from £9.2 billion in the previous quarter. Yet government sycophants praise this constant running up of ever-larger debts as "prudent housekeeping".