It must be bewildering for someone who has risen so rapidly. No recent government has faced such an accumulation of challenges.
Looming this week is the Chancellor Jeremy Hunt's Autumn Statement. Nominally it is called the Chancellor's statement but much of it will originate from Number 10 and will be regarded as such. This means the statement will be as much a political event as an economic one.
Both Sunak and Hunt have been brutally frank in stating that the country faces an economic crisis.
Swingeing spending cuts and tax increases are in prospect. Manifesto pledges can no longer apply.
Keir Starmer would have us believe that this is all of the Government's making. While Liz Truss's mini-Budget damaged the Government and upset the markets, the greater part of our present problems reflect global factors: Covid, the sharp rise in energy prices and the war in Ukraine. Did anyone seriously believe the furlough scheme or the energy price guarantee just came free as a gift from the Government? The immediate issue is how to plug the so-called "black hole" in the national finances. The task is to get the country's debt back to a level that is sustainable in other words, affordable. Governments, just like individuals, are affected by interest rates and inflation.
The Thursday's statement will be a difficult balancing act.
Bu hikaye Sunday Express dergisinin November 13, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Sunday Express dergisinin November 13, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Armchair viewers' blank afternoon
TEMPERATURES below freezing wiped out both of the ITV fixtures yesterday leaving viewers without any live racing to watch.
Kyrgios slams Sinner and will not be silenced
NICK KYRGIOS has warned he is not going “to shut up” about Italian hero Jannik Sinner’s failed drug tests in the build-up to the Australian Open.
Will power for Sarries
TOM WILLIS surged over for two tries to give England boss Steve Borthwick another compelling reminder that his Test debut is overdue.
NOW HAAL'S WELL AGAIN AT ETIHAD
THE crisis is officially over and normal service has resumed.
NWANERI ONLY HIGH SPOT FOR GUNNERS
Lacklustre draw deals title hopes fresh blow
Stroke victim meets cops who saved her
A WOMAN who had a cardiac arrest and stroke while driving and miraculously survived has been reunited with the officers who saved her life.
Mum's cash crisis after cancer bills
A MOTHER-of-three whose mouth cancer was missed due to Covid restrictions is now facing eviction after failing to pay bills during her two years of treatment and rehabilitation.
100 'jump dock' at court despite £7m safety drive
MORE than 100 prisoners have escaped custody by jumping out of the dock during the last seven years - despite a government-funded scheme to make courts more secure.
We must teach pupils why Britain is 'Great'
ALMOST from the moment the first child crossed the threshold and entered a classroom, governments, dictators and other political leaders have sought to use education as a means of indoctrination and controlling the population.
Half a billion in pensions to dead people
BUNGLING civil servants overpaid £511.8 million in state pensions and pension credits to dead recipients, and failed to claw back £256.8m of it over the past five years.
