scholarly journals An introduction to the United Kingdom balance of payments

2011 ◽  
Vol 2011 (1) ◽  
pp. 1-19
Keyword(s):  
United Kingdom ◽  
Balance Of Payments ◽  
The United Kingdom

Chapter II. The World Economy

1974 ◽  
Vol 68 ◽  
pp. 46-64
Keyword(s):  
Economic Growth ◽  
United Kingdom ◽  
World Economy ◽  
Western Europe ◽  
Full Employment ◽  
Balance Of Payments ◽  
West Germany ◽  
The United Kingdom ◽  
The World ◽  
Policy Objectives

We remarked in our last issue : ‘It is not often that a government finds itself confronted with the possibility of a simultaneous failure to achieve all four main policy objectives—of adequate economic growth, full employment, a satisfactory balance of payments and reasonably stable prices.’ In the context this applied specifically to the United Kingdom, but the possibility is becoming increasingly real for the greater part of Western Europe, with West Germany the most obvious exception, and even for Japan it is less remote than it might quite recently have seemed.

Borrowing Agreement with the Government of the United Kingdom

Policy Papers ◽  
2009 ◽  
Vol 09 ◽  
Author(s):  
Keyword(s):  
United Kingdom ◽  
International Monetary Fund ◽  
Balance Of Payments ◽  
Financial Resources ◽  
The United Kingdom ◽  
The Government ◽  
The International Monetary Fund

In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund, and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance to its members, the Government of the United Kingdom, acting through Her Majesty's Treasury, agrees to lend to the Fund up to the equivalent of SDR 9.92 billion.

The Economic Situation

1960 ◽  
Vol 12 ◽  
pp. 4-22
Keyword(s):  
United Kingdom ◽  
Export Performance ◽  
Balance Of Payments ◽  
Economic Situation ◽  
Short Term ◽  
The United Kingdom ◽  
World Markets ◽  
The World ◽  
Internal Balance

It is increasingly clear that the United Kingdom economy is moving into a difficult period. The levelling out of production has continued: output and demand ceased to expand during the summer. An abnormally large part of output seems still to have been going into stock accumulation. When this stops, as is likely, output may well fall for a time. Even apart from this possibility, demand cannot be expected to regain its former expansiveness for some time. The Government's freedom to redress the internal balance of the economy is hampered in the short term by the weak balance of payments position, largely arising from our poor export performance. Nor is the world situation likely to make things easier for Britain: world markets are expanding much more slowly than last year.

Chapter 3. The United Kingdom Balance of Payments

1961 ◽  
Vol 13 ◽  
pp. 29-37
Keyword(s):  
United Kingdom ◽  
General Trend ◽  
Private Investment ◽  
Capital Inflow ◽  
Balance Of Payments ◽  
Government Grants ◽  
Capital Movements ◽  
The United Kingdom ◽  
Made In

Nineteen-sixty was by far the worst year for the United Kingdom current balance since 1951. The £100 million deficit recorded in the third quarter will probably prove to have been repeated in the fourth and the deficit for the year was probably about £150-175 million (table 20). Private investment overseas appears to have been maintained at a fairly normal level and the net outflow on inter-Governmental loans was higher than usual. Moreover, the overseas sterling area drew heavily on its sterling balances, perhaps by about £200 million. Yet after payment of £127 million to the IMF during the year, the reserves rose by £177 million.This paradoxical result is due to a capital inflow, particularly in the second half of the year, on an unprecedented scale. A rough attempt is made in table 21 to estimate the amount of this ‘abnormal’ capital inflow during 1960. The definitions of I abnormality' are necessarily arbitrary and some of the figures are little more than guesses.In the top part of the table are set out estimates of the transactions resulting from the flow of trade and services, from Government grants and loan transactions, and from the general trend of private long-term capital movements in recent years. From the balance thus obtained the normal ‘balancing item’ is subtracted (representing net receipts which are not identified in the official statistics.)

Estimates of the Static Balance of Payments and Welfare Costs of United Kingdom Entry Into the Common Market

1971 ◽  
Vol 57 ◽  
pp. 69-83 ◽  
Author(s):  
Marcus H. Miller
Keyword(s):  
United Kingdom ◽  
Transition Period ◽  
Balance Of Payments ◽  
Common Market ◽  
Static Balance ◽  
Dynamic Effects ◽  
Welfare Costs ◽  
The United Kingdom ◽  
The Common ◽  
Resource Costs

The purpose of this paper is to bring together in comparable form some published and unpublished estimates of the effects on the United Kingdom balance of payments of entry into the EEC, and the resource costs associated with them. The effects referred to are the ‘static’ effects measured at the end of the transition period, no account being taken of any ‘dynamic’ effects, nor of the transitional arrangements.

Sign in / Sign up

Export Citation Format

Share Document