Does Harrods Turnover More than the Fishing Industry in Terms of Value?

On the Daily Politics today the Daily Telegraph’s Christopher Hope quoted an MP saying fishing was a small part of its economy “Harrods, the shop, has a bigger turnover than fish in terms of value for this country”. This is something Guido has heard before and read in the FT. Is it true?

According to government statistics, in 2019, the UK imported 721 thousand tonnes of sea fish, with a value of £3,457 million. It exported 452 thousand tonnes with a value of £2,004 million. Harrods turned over £869 million in the same year. So no, it is not true.Read More

mdi-timer 17 December 2020 @ 13:30 17 Dec 2020 @ 13:30 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
FT Complains That the Economy is Doing Too Well

The Financial Times has truly outdone itself with this unintentionally hilarious article from Economics Editor Chris Giles complaining that the British economy has actually been doing too well since the referendum. Which is an interesting position for supposedly the world’s leading financial newspaper to take…

Not content with just being mystified by the fact that people failed to do as they were told in the referendum, the FT is now bemused as to why the markets haven’t done as the FT wants either. Giles bemoans the fact that “relatively benign economics has emboldened politicians to harden their Brexit demands and refuse to compromise” and declares that “it is now too late for markets or the UK economy to exercise much discipline on Britain’s politics before the scheduled exit date of March 29”. Translation: it’s too late for a financial or economic crash to scare people into doing what the FT says they they should do…

Giles says that since the referendum “economic performance has been tolerable while the employment rate has reached record levels.” Which is a bit of an understatement given the UK is currently the fastest-growing European country in the G7 while Italy and Germany slide towards recession. Rather than complaining that Project Fear hasn’t come true – despite the FT’s best attempts to talk it up – maybe they should have a little quiet reflection on why they got their predictions so wrong instead…

mdi-timer 1 February 2019 @ 11:30 1 Feb 2019 @ 11:30 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments