Latest Issue

Could we really be the richest country by the 2030s?

In an ideal world, the sky is the limit for our economy, but the world we live in isn't ideal

By George Magnus  

George Osborne has won trust by moving to the centre ground © PA/PA Wire/Press Association Images

In a rousing speech to the Royal Economics Society, George Osborne has said that he thinks that the UK could be the richest country in the G7 by the 2030s, as measured by income per head. Is the Chancellor sharing new-found optimism, or is he just cheerleading?

Let’s begin at the beginning. According to IMF data for 2014, UK income per head was $44,000; we…

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