by Tsarrio
Tue Apr 11th, 2006 at 02:19:20 PM EST
I am no professional diary poster by any means; I just thought I would provide some entertainment for you guys tonight. Just browsing through BBC, I came across this little article on BBC's website:
The UK imported £4.8bn more goods and services in February than it sold overseas, pushing the UK deficit even higher than expected.
Definitely sounds like the UK is following in the U.S.'s footsteps in terms of trade balances. Sounds like the UK government needs to re-evaluate if they are doing something wrong...or does it?
It was higher than the predicted £3.8bn and the Office for National Statistics expects things to get even worse.
Economists blamed the European Union for the growing gap - the deficit with the 25 member bloc grew to £3.1bn in February, up from £2.8bn in January.
The goods trade gap was higher than expected, hitting £6.5bn in February.
This was higher than that forecast of £5.7 bn.
Oh shoot, so it is those pesky Europeans again with their expensive stuff! Wait, maybe it has something to do with that expensive gas? We could certainly blame the rising trade deficit on the gas, no?
The ONS said Britain's most notable imports were in chemicals, consumer goods, capital goods, aircraft and fuel other than oil.
Wait. So let's try to summarize these facts. European Union is to blame for Britain's rising trade deficit which has nothing to do with gas or oil. Can I ask how these people can lie with a straight face and still make headlines with this nonsense?
