Wednesday, September 26, 2007

Top Economics Blogger: Balderdash and Piffle

I'd like to thing this was wry humour from Iain Dale but I fear he's making a serious point. Why on earth did no-one else make it first? Would that be because it is utter twaddle? Alas, yes.

Britain's economy is now fifth rather than fourth largest in the world apparently. Boo hoo says Iain, Gordon't failed. What poppycock!

This ranking (1) will inevitably change downward as the international development we support is achieved and (2) is an interesting but not locally important statistic.

When China and India with 20x the population overtake us with their people earning an average of 5p in every £ we should understand that this is progress.

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