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		</div><p>London, one of the most prominent business hubs of the world, is still in deficit for over 3 decades. Initially if we look at the time from 2005 to 2009 the deficit when from 1.2% to 3.6% nominal GDP, and when compared to the 2011 to 2014 GDP of 5.1%. Our trade deficit isn&#8217;t getting any better at this time, and there isn&#8217;t much being done about. In fact, records show that net FDI earnings accounted for 79% of the £66 billion decline in primary income in the years 2011 to 2014.</p>
<p>The production industry was the most responsible for the decline in FDI earnings (going from £35 billion to £10 billion), followed by transport, storage &#038; communication (£6 billion to -£7 billion), and distribution hotels &#038; restaurants (-£0.2 billion to -£12 billion).</p>
<p>This was due to the decreased earnings per foreign investment from UK businesses, which raises the question, should we be investing less on foreign business and more on British businesses? With tensions rising about the EU referendum MPs are debating on whether or not the UK would benefit leaving the EU, and how businesses will be affected during this split. </p>
<p><b>UK current account balance<br />
UK, 1984 to 2014</b><br />
<figure id="attachment_84167" aria-describedby="caption-attachment-84167" style="width: 1444px" class="wp-caption aligncenter"><a href="http://londonglossy.com/wp-content/uploads/2016/01/image-63.jpg" rel="attachment wp-att-84167"><img src="http://londonglossy.com/wp-content/uploads/2016/01/image-63.jpg" alt="Office of National Statistics" width="1444" height="1083" class="size-full wp-image-84167" /></a><figcaption id="caption-attachment-84167" class="wp-caption-text">Office of National Statistics</figcaption></figure></p>
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Nothing is made here in England anymore, production needs to increase for us to grow. This sucks