Report: U.K. Set to Pass U.S. in Standard of Living

Living standards in Britain are set to rise above those in America for the first time since the 19th century, according to a report by the respected Oxford Economics consultancy, the Times of London reported on Sunday.

According to the Times of London report, the calculations suggest that, measured by gross domestic product per capita, Britain can now hold its head up high in the economic stakes after more than a century of playing second fiddle to the Americans.

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