It’s difficult to imagine what £1.4 trillion actually looks like. That’s approximately the value of everything produced in the UK in one year (the GDP). I find it very hard to imagine how big sums of money are once they get above a few thousand pounds and I don’t think I’m alone. There is an excellent solution to this problem published this week on the BBC website: http://news.bbc.co.uk/1/hi/magazine/8638714.stm

Rather than thinking about large sums of money in pounds, we need to think of it in terms of **Tescos**. The Tesco is a great new unit of measurement! Read the rest of this entry »