1 1967 - Labour government devalues pound
2 1974 - Three-day working week and impact of oil shock
3 1981 - Surplus as North Sea oil comes on stream and Thatcher recession squeezes imports
4 1988 - Economic boom under chancellor Nigel Lawson
5 2011 - A weaker pound helps exports and downturn cuts imports
6 Q4 2015 - Record current account deficit of 7% of GDP
6
3
5
4
2
1
2015
2005
1995
1985
1975
1965
1955
4
2
0
-2
-4
-6
-8
5 2011
A weaker pound helps exports and downturn cuts imports
6 Q4 2015
Record current account deficit of 7% of GDP
3 1981
Surplus as North Sea oil comes on stream and Thatcher recession squeezes imports
4 1988
Economic boom under chancellor Nigel Lawson
1 1967
Labour government devalues pound
2 1974
Three-day working week and impact of oil shock
6
3
5
4
2
1
2015
2005
1995
1985
1975
1965
1955
4
2
0
-2
-4
-6
-8