Latest Issue

Although it was foreshadowed by other events, the dramatic collapse of Lehman Brothers in 2008 seemed to mark a turning-point in the fortunes of the developed Western economies. Since then an “economic downturn” has lead to job losses, pay cuts, and a widening budget deficit and widespread pessimism.

This isn’t the first recession the UK has experienced in recent decades, but is it different this time? Commentators can be found across the political spectrum who believe this moment offers an opportunity to create a better society. But what would that look like? Would social justice be a key consideration or…

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