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Old 02-09-2023, 13:34   #3
jfman
Architect of Ideas
 
Join Date: Dec 2004
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Re: Covid economy didn’t shrink as much and recovered quicker

Quote:
Originally Posted by Chris View Post
Worth a mention, seeing as at the time, it was so gleefully tossed about as evidence of how truly awful a place the UK is.

https://www.bbc.co.uk/news/business-66680188
It’s only a better place to live if people actually experience it.

Fractions of a percentage point here or there doesn’t change what was actually experienced by people during that time. GDP growth isn’t a meaningful measure for the workforce in the UK whose wages - often eroded by inflation - simply don’t keep up.
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