This is the first in a series of ten articles on the theme of rethinking recovery.
Whether the UK has ‘achieved’ recovery or not depends on whom you ask, how you phrase the question, and what is at stake for them in providing a particular answer. To say that the very nature of recovery is contested is a rather large understatement. For some, recovery has been achieved because the growth rate of GDP has been restored, although even here less sanguine commentators have pointed out that growth still relies heavily on debt-driven consumer spending, house price inflation and asset bubbles.
