If you’re saving for your first home, there’s no shortage of advice out there — some of it questionable, even if you do have an avocado toast habit. Still, it’s true that your down payment may be the biggest check you ever write.
The UK is running a trade surplus. No, really, I am not joking. This is from the ONS’s latest trade statistics release:
The UK total trade surplus, excluding non-monetary gold and other precious metals, increased £3.8 billion to £7.7 billion in the three months to August 2020, as exports grew by £21.4 billion and imports grew by a lesser £17.5 billion
It’s the first time the UK has run a trade surplus since the late 1990s:
And if you were thinking this was because of the lockdown, you would be wrong. The UK has been running a trade surplus since the beginning of 2020:
Admittedly, the trade surplus widened under the lockdown. But the UK economy reopened to some degree from June to August – and yet the trade surplus continues to widen.
This is no doubt music to the ears of balance of payments obsessives. Could the UK at