Tag: Rishi Sunak

Two cheers and one boo for the Budget

On balance, I think Rishi Sunak got more things right than wrong in Wednesday’s Budget. Let’s start with a couple of positives. First, he extended the most important support measures, including the uplift to Universal Credit and the furlough scheme, until the end of September. This is probably longer than strictly necessary because the remaining … Continue reading Two cheers and one boo for the Budget

Sunak breaks the fundamental rule: ‘first, do no harm’

I’m only just coming to terms with how cross I am about the Chancellor’s speech today. This should have been a relatively uneventful one-year Spending Review, setting departmental limits for 2021-22, and summarising the latest economic and fiscal forecasts from the OBR. But, in my opinion, Rishi Sunak made two big mistakes. First, he got … Continue reading Sunak breaks the fundamental rule: ‘first, do no harm’

Chancellor gets it just about right

Rishi Sunak’s ‘Summer Economic Update’ was judged well – and delivered well – but it remains to be seen whether all the headline-grabbing measures will live up to the hype. The blizzard of announcements, culminating in the gimmicky ‘Eat Out to Help Out’ scheme, left me at least wondering whether the Chancellor was trying a … Continue reading Chancellor gets it just about right

‘Intervention is essential, but does not signal a socialist state’

The coronavirus job retention scheme is the biggest step the Chancellor has taken so far, both in terms of its nature (subsidising the wages of millions of private sector worker) and cost (potentially many tens of billions of pounds). This raises three questions. Is this degree of state intervention justified? What more is needed? And … Continue reading ‘Intervention is essential, but does not signal a socialist state’