Pantheon Macroeconomics

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14th Jul 2022 14:53U.K., Daily Monitor

The trade deficit remained extremely large by past standards in May, driven by a surge in imports.

We expect the deficit to remain huge over the rest of the year; it is on track to be the biggest since the 70s.

Tory candidates tax pledges would have to be very large in order to alter the economic outlook materially.

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brexit corporation tax deficit e.u. energy energy prices export orders exports fuel gas prices imports inventories January new export orders obr ONS pmi sterling tax cuts trade trade deficit transport transport services vat

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Keywords for: Sterling is Vulnerable, Due to the Colossal Trade Deficit

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