"Hookers & Blow" Lift Britain Over France As World's 5th Largest Economy Submitted by Tyler Durden on 12/27/2014 15:00 -0500
Britain has inched out France as the world's fifth-largest economy thanks to what The Telegraph calls "a shake-up" of the national accounts this summer.
UK gross domestic product (GDP) is expected to total $2.828 trillion (£1.816 trillion) this year, compared with French GDP of $2.827 trillion, as The Centre for Economics and Business Research (CEBR) said Britain's acceleration was boosted by the inclusion of sex and drugs to UK growth (as part of new pan-European accounting standards). Official estimates show prostitution added about £5.7bn to the UK economy in 2013, while illegal drugs were worth about £6.62bn. One question - how did they estimate it?
Not quite sure what you meant by that, Rev, but my "ridiculous" referred to including these in the GDP, however much people may indulge in them (which we don't really know, in any case).