The Jeremy Corbyn-ite brigade are banging their drum loudly that now is the time to nationalise the railways. The penny pinching capitalist nature of Britains Railway systems have lead to a summer of strikes and chaos – most notably Southern Rail. Such an aggravating strike has flung grumbles of nationalisation from the cold platform edge to the heart of national debate. But what do the statistics say?
How many books have been written on the importance of geography to economic growth? The habitable climate and many inlets of the Mediterranean allowed Europeans to develop powerful naval forces that allowed its nations to dominate the world. But now, geography matters less it would seem, a thought echoed by Brexiteers. America ploughs ahead without a plethora of other superpowers within an arm’s reach. China has been propelled towards the top of the rich list in this digital world. The UK is the 5th largest economy in the world and can hold its own stead outside the EU, they say. But what do the statistics say?