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Mirror Mirror

Shock ONS data wipes £490 bn off UK wealth

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http://www.express.co.uk/news/uk/866946/brexit-latest-updates-ons-data-wipes-490-billion-uk-wealth

So is this serious? They are saying that an ONS writedown leaves Britain with £490bn less in foreign reserves than previously thought, ie £22bn in deficit, equal to 25% of GDP.

There is angood article in the Telegraph business pages from Monday but aincant dind a link to it, hence the link to the 'soaraway Express'

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6 hours ago, Mirror Mirror said:

http://www.express.co.uk/news/uk/866946/brexit-latest-updates-ons-data-wipes-490-billion-uk-wealth

So is this serious? They are saying that an ONS writedown leaves Britain with £490bn less in foreign reserves than previously thought, ie £22bn in deficit, equal to 25% of GDP.

There is angood article in the Telegraph business pages from Monday but aincant dind a link to it, hence the link to the 'soaraway Express'

https://tradingeconomics.com/united-kingdom/foreign-exchange-reserves

Put it in perspective.

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