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Home Publications Blogs Beat the Press U.K.-Canada Trade Deal to Increase U.K. GDP by 0.08 Percent

U.K.-Canada Trade Deal to Increase U.K. GDP by 0.08 Percent

Monday, 21 October 2013 05:20

That's what David Cameron claimed according to the New York Times. Of course he didn't describe the gains as 0.08 percent of GDP, he referred to the gains as 1.3 billion pounds, which probably sounds like a bigger deal to most people. People in the UK will also have to wait to see this dividend, since trade deals are typically phased in over a number of years. The full effect may not be seen for ten years or more.

Comments (4)Add Comment
written by Squeezed Turnip, October 21, 2013 5:52
thanks for the table scraps, .01%!
written by Ryan, October 21, 2013 7:39
I have to tell you, 1.3 billion pounds doesn't really sound like that big a number either.
written by vollye, October 21, 2013 10:32
Wrapped in white ornamental engraving of the dress not only let the bride looked tall and attractive, but also let the white halter lace wedding dresses in the classic much a fresh and delicate little vitality; on the blue dress rules of fold is full of design feeling bride draped in the cool water blue, with a sweet and not be bored with the happiness of the simple sense; little red dress the dark bottom of ornamental engraving understated elegance, bride in the festive red added a handsome and lively temperament.
NYT Promise
written by Frank Moraes, October 22, 2013 8:56
What happened to the NYT putting numbers into perspective? Or is that just for US budget numbers?

And what's up with vollye? The site's getting spam now? Ugh! (You could have a stronger captcha.)

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.