The balance of trade in manufacturing swung from a surplus of £ 2.75 billion in 1979 to a deficit in 1984 of £ 3.75 billion and the years 1983 and 1984 were the first time in history that Britain's trade balance was in the red on manufactures.
The balance of trade in manufacturing swung from a surplus of £ 2.75 billion in 1979 to a deficit in 1984 of £ 3.75 billion and the years 1983 and 1984 were the first time in history that Britain's trade balance was in debt on manufactures.