Latest Issue

Devalue the pound

An easy route to economic recovery

By John Mills  

(photo: Ministry of Information)

Almost everyone has a gloomy outlook for the UK. It is expected to face years of austerity, high unemployment, cuts in expenditure, nil or negative growth, disfiguring inequality and relative if not absolute national decline, as we struggle with increasingly unmanageable debt. But this dismal outlook is not necessary. It is directly the result of avoidable policy mistakes which would not be that difficult to correct.

Our basic problem is that we cannot…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect