Between them the proposals could lead to the equivalent of 1, 362 full-time jobs going.

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First, a drop in the exchange rate does not necessarily lead to an equivalent rise in the price of imported goods.

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The World Resources Institute estimate that if all the credits were translated into genuine pollution cuts it would lead to the equivalent of perhaps 23% American reductions on 1990 levels, which is very much in line with Europe's 20% offer.

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Pro-choice groups themselves could take the lead in offering their equivalent to Medigap Insurance for seniors.

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The Outer Hebrides Transport Group said removing road equivalent tariff (RET) from freight would lead to a 175% increase in travel costs from April.

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But a loss of 1, 400 seats would imply a lead over the Tories in terms of a national equivalent vote share of only some 4%, which would be very disappointing compared with Labour's 31% national opinion-poll lead.

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Yet regardless of what happens to Danica at the Daytona 500, to celebrate her victory as a triumph for diversity would be the equivalent of celebrating as though she one the entire race because she lead the first lap.

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Mundell, it appears, has in mind an elaborate and carefully orchestrated evolutionary process, beginning with his signature Optimal Currency Areas (OCA) that he believes will lead the world back to hard money or its near equivalent through an evolutionary political process.

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