Country T is a small island economy. Its current account balances last year are shown below.
| Component | Balance last year (£ billion) |
|---|---|
| Trade in goods | -6.0 |
| Trade in services | +4.5 |
| Primary income | -0.8 |
| Secondary income | +1.1 |
Last year, Country T earned £5.0 billion from foreign tourists and spent £2.0 billion on imported fuel.
This year, earnings from foreign tourists fall by 20% and spending on imported fuel falls by 15%. All other flows are the same as last year.
Calculate Country T's current account balance for this year. Show your working.