An article by David Pilling in last weekend’s FT Magazine reported on expert views that gross domestic product (GDP), the most popular way of measuring output, was misleading. “GDP is a made-up entity,” Pilling quoted economist Diane Coyle as saying.…
Month: July 2014
Intangible capital a source of regional growth differences in UK
Britain’s deputy PM Nick Clegg yesterday delivered the opening keynote speech at the International Economic Conference in Leeds in which he summarised government action taken to promote growth and employment in northern England. “How do we build on the strengths…
Think you know the value of your home? Think again
The prices of houses in London have risen by 26 per cent in the last 12 months, according to new figures published by Nationwide, Britain’s biggest building society. I’m a London homeowner, so this is a story of more than…