Outlook: New accounts
Friday 25 September 1998
The good news doesn't end there either. You might have thought that, under pressure from the strong pound, the balance of trade plunged into deficit last year and is now heading south at a rate of knots, but it didn't. It barely slipped into deficit at all, and it is now showing a healthy surplus.
What a transformation a different statistic approach can work. Thanks to the bureaucrats of Brussels, the Government is applying for the first time a new system for calculating the national accounts - the European System of Accounts - and, perhaps surprisingly, it reflects rather better on Britain's economic performance than the traditional one.
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- 2 Miley Cyrus' homeless MTV VMAs date, Jesse Helt, is wanted by the police
- 3 Pamela Anderson rejects ice bucket challenge because of ALS experiments on animals: 'Mice had holes drilled into their skulls'
- 4 Homer Simpson has taken the ALS ice bucket challenge because of course he has
- 5 Do you realise just how foolish the UK looks?
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Miley Cyrus' homeless MTV VMAs date, Jesse Helt, is wanted by the police
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Air strikes? Talk of God? Barack Obama is following the jihadists’ script after James Foley beheading
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