Let’s join the IFS in acknowledging our misplaced fetishisation of economic data
Tomorrow, the Office for National Statistics (ONS) will publish its latest estimates on how much the UK economy grew between October and December 2017, compared to July to September. Last month, the ONS thought that there was an increase of 0.5 per cent. The economy cannot be put in a set of scales and measured. […]
We are all better off than we think
Apple’s iPhone5 has already smashed sales records. The first day on which consumers could make purchases over the web, more than 2 million online orders were placed. Little wonder that JP Morgan has estimated that sales of the iPhone5 could add as much as 0.5 per cent to American GDP. These numbers have attracted criticism. […]
