Only if we're still in the last century.

"Eurostat arrived at the ?2.1bn figure on the basis of new methods of calculating member states? GNI since 1995, taking account of previously unreported or under-reported black economy elements, such as drug dealing and consumption or the sex industry.

Eurostat concluded that the UK economy has been doing much better than previously assumed since 1995, relative to other European countries, and that British contributions needed to be upped."

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"The European Commission has reviewed the economic performance of all member states since 1995, and revised its economic statistics to take greater account of things like income from the black economy. "

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Posted By: Ralf Scrampton, Oct 24, 10:43:20

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