Economy smoke and mirrors
Anatole Kaletsky argues that politicians and economists blaming the UK’s economic situation and prospects on the Eurozone debt crisis is disingenuous. “Britain’s troubles are almost entirely home-grown, while the outlook for the world economy is the one ray of hope. If the slump in southern Europe were mainly responsible for Britain’s weak economy, Germany and Sweden would be in even worse trouble as they are more intertwined with these countries through exports and financial flows,” he says. He contrasts the UK and US economies and notes how the latter is now better placed. The Times, Page: 24
Posted on 08 Feb 2012