Latest Issue

As the next recession approaches, here is some good news: the last one in 1991-92 wasn’t actually as bad as we thought. That’s according to the Office for National Statistics, which has issued a revised set of historical national accounts. In 1992 the economy actually grew. Oh, and it turns out that Britain’s gross domestic product is now ?15 billion higher than previously believed-that’s roughly the size of the government’s education budget.

Since last year, there has been a 20 per cent fall in the proportion of voters who think Tony Blair is “more honest than most politicians,” according to…

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