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Saturday, 16 August 2014

UK growth

See http://www.bbc.co.uk/news/business-28800141 .

UK.growth puzzles me. Apparently the economy has now passed the re-recession peak and the economy is growing nicely/faster compared with other economies. Is this true? Are we really better than all those other economies that are so much more efficient?

What about our deficit? We still seem to be borrowing astronomic amounts and, as a nation, living well beyond our means.Surely,  in the end, we have to be living as a nation and as individual citizens within our means? This is clearly not the case at present.

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