Shocking statistic of the week: A loss-making car company is now considered to be more valuable than the entire UK stock market. That’s not strictly true, since Tesla has managed to show a profit in recent quarters,
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Jeremy Hunt is under renewed pressure to revive the economy as the IMF warns that UK growth this year will be worse than Russia’s, and half a million workers prepare to strike.
The fund’s prediction that the UK will be bottom of the G7 heap this year should be taken with a fistful of salt.
The International Monetary Fund has a proven track-record of underestimating the British economy.
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