The Brits have figured out how to expand their economy – with drugs and sex – but France says non

December 27, 2014
An easy way to give GDP a leg-up...

An easy way to give GDP a leg-up…

Alf is keen to get back to Parliament where he will explain to Craig Foss his fiendish plan for lifting the country’s GDP.

Foss is our Minister of Statistics and the fiendish plan involves expanding the GDP data set.

It can be done by following the Brits, as we learn from this report in The Telegraph.

Britain has overtaken France to become the world’s fifth largest economy, new analysis shows.

A shake-up of the national accounts this summer, which showed the UK’s downturn during the Great Recession was shorter and shallower than previously thought, helped Britain overtake the Gallic economy by a whisker this year.

The Centre for Economics and Business Research (CEBR) said Britain’s acceleration was also boosted by the inclusion of sex and drugs to UK growth.

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Money is still being poured into milk

March 28, 2009

Ele at Homepaddock strikes a positive note of the sort Alf hoped to hear, the morning after the Stats Department reported a 0.9% contraction in the economy in the December 2008 quarter.

It was the fourth consecutive decline in economic activity, as measured by Gross Domestic Product.
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