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Friday, October 09, 2009

The Curate's Egg

The World Economic Forum has ranked the UK as the world's number one financial centre, overtaking the US.

However, it has also ranked the UK as 37th out of 55 for financial stability, placing us behind Panama, Bangladesh, Nigeria, Poland and Colombia.

The number one ranking will doubtless give the government an excuse to use it for their own political ends. However, the poor showing wrt financial stability means that this "success" may well be very fleeting.

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