Magazine
Latest Issue

Fall in UK GDP poses extra challenge for Osborne

The Chancellor has to rethink some aspects of his fiscal policy against the background of a fragile economic recovery

By Vicky Pryce  

George Osborne is having his worst day since the government won power in May © Yui Mok/PA Wire/Press Association Images

Not a particularly good day for George Osborne as he has to face the realities of the voting down of his working tax credits legislation by the House of Lords. At the same time the first estimate for GDP for the third quarter of 2015 suggests a slowdown in…

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 letters@prospect-magazine.co.uk

More From Prospect