The current account reported a deficit of £9.4bn for the first quarter of 2011 equivalent to -2.5% of GDP. The deficit for Q4 2010 was £13bn. There was a deficit of £15bn with the EU compared with £16.9bn in Q4 2010. Trade in goods was -£22.2, trade in services showed a surplus of £13.8bn. Income fell from £7.4bn in Q4 2010 to £4.6bn in Q1 2011. The capital account balance was £0.6bn.
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