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The Prospect duel: Was Osborne right?

On austerity, has the Chancellor been vindicated?

By Prospect Team   October 2013

The Chancellor has finally said it. In a speech in September, George Osborne claimed that, when it comes to the economy, “Britain is turning a corner,” and pointed to a “growing body of evidence.” On cuts and austerity, has he been vindicated?

YES–Mark Littlewood: The doomsayers were wrong. George Osborne’s efforts to get the UK’s chronic budget deficit under control have not crashed the economy. It now appears a modest level of growth has returned to the economy and private sector employment has remained impressively robust.

This is not what…

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