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The new August Prospect: Is Britain Bust?

By James Crabtree  

Against a backdrop of grim economic news, rising government debt, dreadful public spending projections and general hand ringing over fiscal probity, Prospect’s August cover story asks a simple question: is Britain bust? James Buchan begins his journey to find the answer in the office of Robert Stheeman, the head of Britain’s debt management office, the previously unknown body which sells the UK’s IOUs.

Stheeman is a busy man, having been asked to sell in this year more than three times as much…

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