Latest Issue

The thump and grind of economic opinion on days such as Friday is formidable. The reason that last week ended in such a frenzy was that the Office for National Statistics released data showing that Britain’s economic output had increased. Compared to growth in the second three-month period of 2013, growth in the third three month period was 0.8 per cent higher.

Growth—the magic word. The twittersphere lit up with government crowing, as MPs and commentators were elated by, as they saw it, the victory of Osbornian austerity. On the other side of the divide those unsympathetic to the government’s…

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