Latest Issue

How to restore economic confidence

Less rushing; more certainty

By Rory Macqueen  

Dominic Lipinski/PA Wire/PA Images

If economic forecasters were mildly frustrated by the government announcing an extension of furlough only hours before the scheme was due to end, for many whose jobs were on the line the timing was catastrophic.

The government was undoubtedly right to extend the Coronavirus Job Retention Scheme (CJRS)—as we at the National Institute of Economic and Social Research had called for since July. The economic damage from coronavirus estimated by the Office for Budget Responsibility alongside the Spending Review, while large in historical context, would…

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