From the TUC

Another reason we shouldn’t be lecturing the rest of Europe

22 Jun 2012, by in Economics

This country’s politicians and media are too inclined to go in for lecturing the rest of Europe about how to run a successful economy. Yesterday I published a chart to show that, relative to the rest of the European Union, our GDP per capita has been slipping. Today, Eurostat data show that our inflation performance ain’t too hot either:

And it isn’t just the most recent month that’s bad. Compared with the 2005 baseline, prices are 22.9 per cent higher in this country compared with an EU average of 18.5 per cent (and 15.8 per cent in the much-maligned Euro Zone.)

One Response to Another reason we shouldn’t be lecturing the rest of Europe

  1. Unemployment and the global crisis: UK lecture cancelled | ToUChstone blog: A public policy blog from the TUC
    Jul 2nd 2012, 11:44 am

    […] global crisis? A couple of weeks ago I looked at some comparative statistics that suggest not: our inflation performance is below average and the ratio of our GDP per capita to the European average has been […]