Over the period 1980 through to 2007, the UK's terms of trade have been worsening, with a steady fall in the ratio of export to import prices.

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Over the period 1980 through to 2007, the UK's terms of trade generally improved, with the ratio of export prices to import prices increasing, indicating that for each unit of exports, the UK could afford more imports.

Over the Period 1980 Through to 2007, the UK's Terms