Latest Issue

A hollow budget

This budget has no strategy or philosophy

By Philip Booth  

Today’s budget is the budget of a chancellor struggling to understand his own economic philosophy and political strategy. Of course, the circumstances are not easy. His inheritance was very tricky and the eurozone crisis has made things worse. Furthermore, David Cameron’s decision to box the government in with a series of ring-fenced spending commitments means that radical reform in many areas is out of the question.

We still await, with baited breath, a reduction in…

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