BBC News - UK economy grows a faster-than-expected 0.8%
Sounds impressive until you realise that this is driven by construction. In other words, we haven't sold more to the rest of the world and earned some extra money - it's just some guys have built some buildings - somehow this counts as growth.
Now apparently we "grew" from 1993 to 2007.
Yet before that period of "growth" dentistry and education were free. After this period of "growth", suddenly we couldn't afford free dentistry or education or armed forces.
Somehow I'm feeling the current definition of growth is somehow a pile of bollux.
Sounds impressive until you realise that this is driven by construction. In other words, we haven't sold more to the rest of the world and earned some extra money - it's just some guys have built some buildings - somehow this counts as growth.
Now apparently we "grew" from 1993 to 2007.
Yet before that period of "growth" dentistry and education were free. After this period of "growth", suddenly we couldn't afford free dentistry or education or armed forces.
Somehow I'm feeling the current definition of growth is somehow a pile of bollux.
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