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Digital Subscriptions > Prospect Magazine > September 2016 > DIY investor

DIY investor

A creeping financial paralysis

We are only a few weeks into Britain’s long goodbye to the European Union and 99 per cent of the story is yet to unfold. One or two things, however, are certain. The first increase in interest rates has slipped even further beyond the horizon in order to cushion us from the economic shocks of the impending divorce. And the gulf between the amount that private-sector “final salary” pension schemes will be able to pay out and the sums they will actually owe has become even more gargantuan than it already was.

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In Prospect’s September issue: Paul Johnson argues that there is no getting away from the fact our economic prospects have got worse post-Brexit. Paul Wallace attempts to outline how the government will try and deal with that situation, while Nicolas Véron suggests that The City of London will decline outside the European Union. On a brighter note, Clive James explores what we can learn from the television show Mad Men. Also in this issue: Patience Wheatcroft, the Conservative peer, suggests that Brexit might not be a done deal with a rebellion in the Lords possible. Thomas Chatterton Williams explores the work and Beyoncé and argues that black artists are failing to say anything profound and James Dyson outlines how he would rule the world.
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