So, how rich are we?

The question of comparison is one which is always with us in the UK.  We are constantly comparing ourselves with other nations and the yardstick we often use is GDP.  In some senses the GDP figure gives us cause for optimism.  However, when you look a little closer, the picture becomes a bit less clear.  Roger Bootle’s excellent article in today’s Daily Telegraph is well worth reading for all economists as it is thought provoking, which after the recent election campaign is the best thing any economist can be.

http://www.telegraph.co.uk/finance/economics/11596205/The-UK-needs-to-learn-to-be-more-modest-about-just-how-rich-we-really-are.html

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