Current Account Deficit - Can the Government Reduce it?

In response to a readers question. I wrote an essay on what, if anything, the government can do to reduce the growing UK current account deficit. To be honest, it looks as if there is little that the government is actually likely to do. Many of the text book solutions are not really practical. At the moment, the government are unlikely to see the current account deficit as a serious problem. The most likely scenario is that the government will just hope the economic slowdown helps to reduce the deficit.

• Policies to Reduce a current account deficit
  
• Reasons for Current account deficit
• Current account deficit 2008