Balance of Payments - Pink Book

http://www.ons.gov.uk/ons/rel/bop/united-kingdom-balance-of-payments/2010/the-pink-book.pdf

Balance of Payments and exchange rates videos

Video from Phil Holden - http://www.youtube.com/watch?v=JKRBpJZ92QM

Video from Economics help - http://www.youtube.com/watch?v=aCsjFbRBiEw

Balance of Payments video

Phil Holdens video:

http://www.youtube.com/user/pajholden#p/u/30/JKRBpJZ92QM

The improving situation in the UK

Over the course of the recession the UK has seen its balance of trade deficit fall - that is, the gap between what the UK imports and what it exports has been declining. This is directly linked to the recession through a number of mechanisms.

http://www.volterra.co.uk/custompage/einsight-1009.php#Section1

The Balance of Payments

The Balance of Payments (BoP) records economic transactions between residents of a country and the rest of the world. There are two sections: Current Account and the Capital & Financial Account.

http://rapidrevision.co.uk/economics-student/2009/11/07/faq-what-is-balance-of-payments/

What is the current BoP in the UK?

http://rapidrevision.co.uk/economics-student/2009/11/09/faq-what-is-the-current-balance-of-payments-position-for-the-uk/

Causes of a current account deficit

http://rapidrevision.co.uk/economics-student/2009/05/05/the-causes-of-a-current-account-deficit/

Policies to improve the current account position:

http://rapidrevision.co.uk/economics-student/2009/05/06/policies-to-improve-a-current-account-deficit/

Balance of Trade - UK trade gap increases

Why did imports increase by such a large amount? Somewhat perversely our imports of cars rose by £432m in September compared with August. This was largely due to the car scrappage allowance whereby the government gives an allowance of £2000 against the purchase of a new car when an old car is scrapped. Unfortunately, the major impact of this last month was to draw in imported cars to meet the demand. Thus our imports of cars increased by 30% on the previous month, as a result of government incentives.

http://www.anforme.co.uk/blog/?cat=66

Presentation on UK's Balance of Payments

A look at the UK's international trade over the past decade.

http://tutor2u.net/economics/presentations/ukbofp2006/default.html

Surprise fall in UK's trade gap

The UK's deficit on trade in goods with the rest of the world fell to an 18-month low in December.
http://news.bbc.co.uk/1/hi/business/7880829.stm

Fall in the UK's balance of trade deficit

The UK's balance of trade deficit (the difference between exports and imports of goods) has reduced.
http://news.bbc.co.uk/1/hi/business/7880829.stm

Notes on Balance of Payments

tutor2u notes
http://tutor2u.net/economics/revision-notes/as-macro-balance-of-payments.html

Youtube on the Balance of Payments

http://www.youtube.com/watch?v=JKRBpJZ92QM&feature=channel