Chart of the week: Britain has a long way to go

Chart of the week: Britain has a long way to go

Growth is finally gathering steam in Britain, but a comparison of our recent GDP bounce with those of other major economies shows just how far we still have to go.

After a 7.2% slump in output by mid-2009, we are still slightly more than 1% off the pre-crisis peak. The US and German economies are already 6% and 3% bigger respectively. Even France, the “sick man of Europe”, is nearly back to par.

Still, at current rates, we should finally get there by the summer.

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Paul Hodges: house prices could fall 50% in 'Great Unwinding'

Merryn Somerset Webb interviews Paul Hodges about deflation, the global economy's 'Great Unwinding', and how Britain's house prices could halve.


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26 January 1808: Australia's Rum Rebellion

On this day in 1808, Major George Johnson carried out the only forceful takeover of power in Australian history during the Rum Rebellion.