Here’s further proof of George Bush‘s famously strong economy (with its much touted 23 straight quarters of economic growth):
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.
Oh, and by the way, the British economy also beats us in terms of consecutive quarters of growth. Quite handily, actually: 62 to 23.
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.
[...]
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.”
In 1993, we were well ahead in the per capita GDP race. UK caught up and pulled ahead only on Bush’s watch.
What hasn’t George eroded in the last 7 years?