In a recent speech I was asked to deliver to a group of businessmen in Bristol in the West of England, I categorized the UK — and for that matter the US — as having a u2018Crocodile Economy’. Effectively, I said, we can draw everything about the two in a series of sharply diverging lines; one set jagging steeply upward, the other downward, like the gaping jaws of a hungry reptile. Going up were: Government spending, Public workers, Part-time (and female) employment, the Trade Gap, Housing, Car Sales, Labour Costs, Prices of Car & House Maintenance, Services, TV, Rent, Insurance, … Continue reading Crocodile Tears and Banana Skins