Latest Issue


Alistair Darling’s critique of the government’s economic policy (March) is misguided. A year ago, Britain’s AAA credit rating was under threat because of Labour’s economic mismanagement. As Lord Myners put it last August: “the mistake we made as a government was to run large deficits in the middle part of the decade when the economy was clearly running at full capacity.”

George Osborne had no choice but to come up with a comprehensive deficit reduction plan—not to merely halve the deficit over four years, but eliminate it. The government has also set up the office for…

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