The underlying UK current account deficit excluding precious metals reduced to £32.5 billion or 5.3 % of gross domestic product (GDP) in Quarter 2 (Apr to June) 2022, a change of £4.4 billion from the previous quarter. The UK current account deficit, when trade in precious metals is included, reduced to £33.8 billion, or 5.5 % of GDP in Quarter 2 2022. In Quarter 2 2022, the total trade deficit, excluding precious metals, reduced to £25.0 billion as the goods deficit expanded to £61.1 billion and services surplus expanded to £36.1 billion. The primary income account recorded a deficit position of £1.9 billion, or ... (full story)