UK living standards outstrip US

[beaker]

http://business.timesonline.co.uk/to...cle3137506.ece

Nice one guys. Next you'll be saying inflation is low.

GDP is higher maybe, but come on...

[Lucifer Box]

Yes, very sloppy reporting. Raw GDP per capita tells you nothing because, much to Chico's annoyance, everything is relative.

[ratewhore]

It's all those eastern europeans joining the workforce and boosting the nations productivity (obviously measured against the feckless half million under 25 on incapacity benefit)...

[DimPrawn]

So UK earnings = USA earnings now.

Shame though that every single item or service in the UK is nearly twice the price then.

eg. Porsche Caymen S

USA = $59K (£30K)
UK = £44K

Film on DVD

USA = $15 (£7.60)
UK = £14

[snaw]

I can say as someone having lived in the US, that we've a long way to go before we reach the standard of living enjoyed in the US.

[sasguru]

If people are like countries, the UK is the council house chav who has got a larger loan than his neighbour across the village pond, so he can buy slightly more goodies from his more expensive next door shop. They're both fecked.

[tay]

Does that make NZ the poor folks down the other end of the village, away from all the factories and polluted air, living in grass huts with a nice view?

[SueEllen]

Does that make NZ the poor folks down the other end of the village, away from all the factories and polluted air, living in grass huts with a nice view?

Yes