Latest Issue

Brexit: the challenge ahead

"There's no getting away from the fact that our prospects have got worse"

By Paul Johnson   September 2016


On 25th November last year, George Osborne, the former Chancellor of the Exchequer, delivered his Autumn Statement and Spending Review. At the time it looked like it would be the defining budgetary event of this parliament. He planned four more years of cuts so that by 2019-20, the government’s revenues would exceed its spending—it would have balanced the budget. The Brexit vote means that these fiscal plans will be torn up. The economy is now expected to grow…

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