Magazine
Latest Issue

Why Rishi Sunak’s budget has economic and political logic on its side

The Chancellor struck the right balance between short-term support and sustainability. But you can never entirely discount a Budget unravelling

By Tim Pitt  

Photo: Paul Marriott / Alamy Stock Photo

The Chancellor giveth, and the Chancellor taketh away. Today, Rishi Sunak combined significant short-term support as the economy moves out of lockdown with plans to start tackling the unsustainable fiscal position later in the parliament. In doing so, he began to set the political battle lines for when the politics of deficits and debt make a comeback heading towards the next election.

With the run-up to the Budget dominated by headlines about the Chancellor levelling with the British people about how he would approach repairing the Covid-ravaged public finances, it would be easy to lose sight of the fact that this was still…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect