Sunak’s talk of emergency can only knock confidence
Posted by David Smith at 09:00 AMCategory: David Smith’s other articles
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt.
You may have seen a report a few days ago which highlighted people’s lack of understanding of basic economic concepts. The report, based on a survey by the Economics Statistics Centre of Excellence and the National Institute of Economic and Social Research, showed that fewer than half of people knew what gross domestic product (GDP) was when presented with a range of definitions.
Most, 67%, knew that the government was running a budget deficit – I don’t know what the other one-third has been doing during this year – but only 40% knew that that meant governmentRead More »