BUSINESS ABROAD: Buoyant Britain

"Never since Queen Victoria came to the throne more than a century ago," whooped London's Sunday Express, "has Britain been so buoyant, so prosperous." Britain's export boom broke new records in May, and came within a hairbreadth of bringing the long-coveted balance of trade. Last week the government announced that May exports reached an all-time peak of $866,300,000, leaving a trade gap of only $4,200,000, the lowest recorded since the government began keeping figures in the mid-19th century.

Excellent Show. The gap was so small (compared with $110 million in April) that it could actually be written off as the...

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