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The Guardian - UK
The Guardian - UK
Comment
Editorial

The Guardian view on Britain’s economy: to profit politically a recovery must be felt in people’s pockets

Young people attending the London Job Show employment fair in the Westfield shopping centre in London, May 15th 2026.
Young people attending the London Job Show in the Westfield shopping centre in London last week. Photograph: Susannah Ireland/The Guardian

In October 1991, the then chancellor Norman Lamont said he thought he saw some “green shoots” of recovery. He was ridiculed, as Britain was in the midst of a deep recession that it would not clamber out of until the following summer. Insouciant in the face of the scorn heaped upon him, Mr Lamont defended himself robustly, even long after the event – not least by writing letters to this newspaper. Despite this valiant defence, “green shootism” became notorious because it suggested a ruling class that was congratulating itself well before ordinary people felt a recovery.

This has not stopped politicians since 2010 from claiming that Britain was bouncing back from the series of shocks it has experienced. After austerity had produced economic stagnation, George Osborne, the Tory chancellor in 2013, seized on a few quarters of growth to claim Britain was “turning a corner”. Just months before the 2024 general election, Rishi Sunak, the Conservative prime minister, said that the country was starting to see the “green shoots” of recovery. Voters resoundingly rejected that claim when Labour was elected in a landslide.

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