UK's Current Account Deficit is Worrying-and Osborne has no strategy to fix it-The Guardian

http://www.theguardian.com/business/economics-blog/2014/dec/23/uk-current-account-deficit-osborne-no-plan

This article focuses on the growing trade deficit in the United Kingdom. The chancellor has put in a long term economic plan and it has not taken as much as he would like. Growth is relying on consumer spending and they have a high budget. At this time, the deficit takes up 6% of GDP because they rely to heavily on imported goods. Britain is no different than other countries with deficit problems but they do have a plan that is not working. Because the plan is failing, the country is more vulnerable. It is also concerning because the deficit accounts for foreign investments; which have not been doing well. This issue is alarming because I thought that the UK's economy was strong. I was not surprised that the exports have fallen because it has happened in the U.S. and other developed countries. I hope that the chancellor and the Treasury can find a solution that will fix all parts of this issue.