Latest Issue

Will Sunak’s emergency budget prevent a UK recession?

The chancellor’s substantial giveaways may still not be sufficient to combat the economic impact of the coronavirus 

By Vicky Pryce  

(200311) -- LONDON, March 11, 2020 (Xinhua) -- Rishi Sunak, Britain's Chancellor of the Exchequer, poses for photographs as he leaves 11 Downing Street to deliver his budget to Parliament, in London, Britain on March 11, 2020. (Photo by Tim Ireland/Xinhua)

This was very much an emergency budget—aimed to inspire confidence in the government’s ability to deal with the coronavirus. It also promised a bright new future of (a lot) more spending on infrastructure and extra support for innovation and growth, mostly financed by borrowing.

But the short-term economic and fiscal position is the one most at risk. The health situation has necessitated extra spending and as Chancellor Rishi Sunak emphasised, this budget’s focus was “safety and economic stability.” But is…

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