Wednesday, January 16, 2008

Shocker - UK booted out economic freedom club

So says Ambrose Evans Pritchard. Taking these kind of surveys seriously is pretty silly - they are incredibly sensitive to small changes in subjective criteria, and their record for predicting economic success is small (for example see here on a competitiveness survey).

Also what AEP doesn't tell his readers is that this is the UK's third highest score since 1997, beaten only by the 2006 and 2007 survey. We're doing much 'better' than in the late 1990s, and early 2000s, not that I believe you can draw anything like that conclusion from it.

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posted by Matthew @ 1/16/2008 08:09:00 AM Comments: 0