Not my area of expertise, but roughly speaking how do we account for the fact that our annual imports seem to come to around £625.7M per year yet our exports seem to be a fraction of this. These may not be good numbers to quote - this is what I am looking at.
https://en.wikipedia.org/wiki/List_of_countries_by_imports
https://en.wikipedia.org/wiki/List_of_exports_of_the_United_Kingdom
I know we import something like 95% of our timber, around 40% of our foods, most metals and plenty of other minerals, yet we also export a lot of oil and gas of which we have hardly any left.
So what exactly do we use to pay for all these imports, how do we export financial services, is this just a 'money out of thin air trick'?.
We are hanging on by a thread.
https://en.wikipedia.org/wiki/List_of_countries_by_imports
https://en.wikipedia.org/wiki/List_of_exports_of_the_United_Kingdom
I know we import something like 95% of our timber, around 40% of our foods, most metals and plenty of other minerals, yet we also export a lot of oil and gas of which we have hardly any left.
So what exactly do we use to pay for all these imports, how do we export financial services, is this just a 'money out of thin air trick'?.
We are hanging on by a thread.
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}