In Britain we are now glumly entering the age of austerity and everyone expects unemployment to go on rising. This has been the case in the past: even when the economy starts to grow, there is a painfully long lag before unemployment starts to fall. But not in Switzerland is different.

Disagree with half of it, enjoy reading all of it
TRY A MONTH FREE
Our magazine articles are for subscribers only. Try a month of Britain’s best writing, absolutely free.
Already a subscriber? Log in
Comments
Join the debate, free for a month
Be part of the conversation with other Spectator readers by getting your first month free.
UNLOCK ACCESS Try a month freeAlready a subscriber? Log in