Britain bumps up previous estimates for current account deficit

By Andy Bruce | LONDON

LONDON Britain’s current account deficit, one of the weak points of its economy, was bigger than previously thought in the years up to 2012, according to new estimates from the Office for National Statistics on Wednesday.

The figures showed British companies had paid out more interest to foreign holders of corporate bonds than initially estimated, resulting in a larger current account deficit.

The deficit, one of the biggest among advanced economies, has been in the spotlight since June’s Brexit vote.

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