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UK living standards outstrip US

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posted on Jan, 6 2008 @ 04:40 AM
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UK living standards outstrip US


business.timesonline.co.uk

LIVING standards in Britain are set to rise above those in America for the first time since the 19th century, according to a report by the respected Oxford Economics consultancy.

The calculations suggest that, measured by gross domestic product per capita, Britain can now hold its head up high in the economic stakes after more than a century of playing second fiddle to the Americans.

It says that GDP per head in Britain will be £23,500 this year, compared with £23,250 in America, reflecting not only the strength of the pound against the dollar but also the UK economy’s record run of growth and rising incomes going back to the early 1990s
(visit the link for the full news article)




posted on Jan, 6 2008 @ 04:40 AM
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I cannot remember the members name (sorry), but I recall the topic of living standards in the US being raised a while back.

The article is worth a read, well written and it's not a patriotic theme throughout.

business.timesonline.co.uk
(visit the link for the full news article)



posted on Jan, 6 2008 @ 06:25 AM
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It's nice to see that we have finally caught up with the other country's of Europe and the US. The unfortunate thing is that how long can this possibly last? The article mentions that this will only continue for as long as the pound stays at the 2$ level, but as shown in the article, this has already dropped.



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