UK posts record current account gap, urges caution on data

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Reuters UK

(This story corrects after ONS corrected its historical record for the deficit excluding precious metals as a share of GDP) LONDON (Reuters) – Britain racked up a record shortfall in its current account in the first three months of this year, as the deficit ballooned to 51.7 billion pounds ($62.8 billion) or 8.3% of gross domestic product, official data showed on Thursday. The Office for National Statistics said the figures were subject to more uncertainty than usual due to the impact of post-Brexit changes in how data is collected for goods imports and foreign direct investment, which are bei…

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