1. Capital account

The capital account includes capital transfers and the net acquisition or disposal of non-produced, non-financial assets.

The deficit on the capital account balance widened from £0.5 billion in 2013 to £0.8 billion in 2014. The widening was due to the balance on non-produced, non-financial assets switching from a surplus of £0.2 billion in 2013 to a deficit of £0.5 billion in 2014. Additionally, there was a slight widening in the deficit on general government transfers of £0.1 billion in 2014. Partially offsetting these was a widening in the other sectors transfers surplus of £0.5 billion from £0.9 billion in 2013 to £1.4 billion in 2014.

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Craig Taylor
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