The table shows current account data and forecasts for the Republic of Lydon.
| Item | Figure |
|---|---|
| Total current account inflows in Year 1 | £410 billion |
| Total current account outflows in Year 1 | £392 billion |
| Forecast growth in domestic incomes in Year 2 | 4% |
| Forecast growth in incomes in Lydon's main trading partners in Year 2 | 2% |
| Forecast increase in export receipts due to income growth | £8 billion |
| Forecast increase in import payments due to income growth | £14 billion |
Assume all other influences on the current account remain unchanged.
Using the data, explain how the current account balance is likely to change in Year 2.