Magazine
Latest Issue

Sajid Javid: the electoral chancellor

The latest occupant of No 11 will have to loosen the fiscal rules to borrow more

By Paul Wallace  

The chancellor at Conservative conference. Photo: Isabel Infantes/EMPICS Entertainment

Sajid Javid’s speech to the Conservative Party conference this afternoon was more notable for what he did not say than what he did say, other than the crowd-pleasing plan to push up the national living wage. The chancellor’s upbeat message reflected the theme of an electioneering conference: let’s get Brexit done and spend lots more. Nowhere was there a recognition that spending more by borrowing more will mean breaking the government’s fiscal rules, even if a disastrous no-deal departure…

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.

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

More From Prospect