RTE's Lee pulls out of Hodder deal

<p>RTE&rsquo;s George Lee has pulled out of a publishing deal to write a book on the Celtic tiger for Hodder Headline and handed back an advance that was reported to be &euro;100,000, reports the <em>Times</em>.</p><p>Lee, the Irish television station&rsquo;s economics editor, said the uncertainty in the world economy had prompted his decision. &ldquo;I decided things were too up in a heap globally to commit myself, so I decided to kick the book into touch,&rdquo; he told the newspaper. &ldquo;It was a hard decision to pull out, but I think it was the right one. I can&rsquo;t tell you whether I will pick it up again next year.&rdquo;</p><p>Lee denied the advance he received from Hodder Headline was &euro;100,000, as was reported when he signed up with the publisher in April 2007. </p><p>Hodder beat off competition from other publishers in an auction that was held at a time when popular-economics books, such as Freakonomics, were all the rage.</p>