France now £70bn richer than Britain, overtaking us in World rich list

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	France now £70bn richer than Britain, overtaking us in World rich list

michellezm

1-13-2008 11:46 AM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/adf22a42-a1b1-47b4-8d65-3addbd4339ce/F02990C7-941E-49B2-89D7-30A2C204B6BF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.dailymail.co.uk/pages/live/articles/news/worldnews.html?in_article_id=507916&in_page_id=1811" href="http://www.dailymail.co.uk/pages/live/articles/news/worldnews.html?in_article_id=507916&in_page_id=1811" style="font-size: 11px;">www.dailymail.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/pages/live/articles/news/worldnews.html?in_article_id=507916&in_page_id=1811"> Britain has sunk from fifth to sixth place in the 'rich list' of world economies - and, to add insult to injury, it is France that has overtaken us. 
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</P><P>The often sluggish French economy is now worth £70billion more than the UK's, following the dramatic fall of sterling against the euro. 
</P><P>It slips into fifth place behind the US, Japan, Germany and China - all had larger outputs than the UK in the final quarter of last year, according to new figures from the National Institute of Economic and Social Research (NIESR). 
</P><P>Projections also suggest that France's gross domestic product (GDP) will grow by 2 per cent in 2008, compared to 1.9 per cent in Britain.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/pages/live/articles/news/worldnews.html?in_article_id=507916&in_page_id=1811"><P>
Radical labour reforms proposed by President Nicolas Sarkozy to boost productivity are set to further challenge the UK economy as it struggles with the impact of the "credit crunch" sparked by the American subprime home loans crisis. 
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/pages/live/articles/news/worldnews.html?in_article_id=507916&in_page_id=1811">it is the falling value of the pound against the euro that is immediately responsible for the place swap.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F02990C7-941E-49B2-89D7-30A2C204B6BF/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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