[Show all top banners]

thulokan6a

More by thulokan6a
What people are reading
Subscribers
:: Subscribe
Back to: Kurakani General Refresh page to view new replies
 britons r richer than Americans ???
[VIEWED 3340 TIMES]
SAVE! for ease of future access.
Posted on 01-07-08 7:52 AM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

 
bbc.co.uk
 
 
Britons 'richer than Americans'
Money
Goods are more expensive in the UK compared with the US
The average UK person will this year have a greater income than their US counterpart for the first time since the 19th Century, figures suggest.

Analyst Oxford Economics said the UK's GDP per head of population will reach £23,500 - £250 higher than in the US.

However, because goods and services are cheaper in the US, Americans will have stronger purchasing power, it added.

UK GDP per capita will also be higher than in Germany (£21,665) and France (£21,700), Oxford Economics calculated.

Managing director Adrian Cooper said: "The last 15 years have seen a dramatic change in the UK's economic performance and its position in the world economy.

"No longer are we the 'sick man of Europe'."

Oxford Economics said that in 1993, following the last major recession and the UK's ejection from the ERM, GDP per capita in the UK was 34% lower than in the US, 33% lower than in Germany and 26% lower than in France.

It said the improved UK position reflected the sustained strong growth it has enjoyed since then and the recent strength of sterling.

Mr Cooper said: "The UK has been catching up steadily with living standards in the US since 2001, so it is a well-established trend rather than simply the result of currency fluctuations."


 


Please Log in! to be able to reply! If you don't have a login, please register here.

YOU CAN ALSO



IN ORDER TO POST!




Within last 7 days
Recommended Popular Threads Controvertial Threads
I hope all the fake Nepali refugee get deported
Those who are in TPS, what’s your backup plan?
MAGA मार्का कुरा पढेर दिमाग नखपाउनुस !
Travel Document for TPS (approved)
MAGA and all how do you feel about Trumps cabinet pick?
NOTE: The opinions here represent the opinions of the individual posters, and not of Sajha.com. It is not possible for sajha.com to monitor all the postings, since sajha.com merely seeks to provide a cyber location for discussing ideas and concerns related to Nepal and the Nepalis. Please send an email to admin@sajha.com using a valid email address if you want any posting to be considered for deletion. Your request will be handled on a one to one basis. Sajha.com is a service please don't abuse it. - Thanks.

Sajha.com Privacy Policy

Like us in Facebook!

↑ Back to Top
free counters