To help celebrate the 15th birthday of this illustrious publication let's jump into our economic time machine and take a trip to the recent past.

For those of us who've spent most of our lives living in the 20th century, October 2004 doesn't seem so long ago.

The anniversary also coincides with the arrival of my first child – so, to be honest, it's all a bit of a blur.


But a look back at the economic data of the day shows the economy that the Herald on Sunday was launched into was very different to the one we've