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    Very interesting little item on Radio 4 this morning re growth. Germany are still the stars of Europe on growth by a long way, despite running in the beleaguered Eurozone. Growth levels running at 2.8% which is fairly fantastic in these times, even Volkswagen are on track to be the biggest car manufacturer in the entire world this year, destined to surpass Ford. Stunning growth.

    One German expert was asked to compare Germany to the UK and was asked about the enormous gap in performance. He put it down to the change in philosophy in the UK 20- 30 years ago when Margaret Thatcher pushed the services industry over manufacturing. In simple terms it left the UK with nothing to export. Germany are an exporting economy.

    By the way Reg's post at top of page has not got the percentage right..its .09%.. less than 1%. (So NOT 0.9% as shown by Reg). The decimal point is in wrong place there above. That way it shows growth running at 9%, not the case alas.

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