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Sunak’s crisis-fighting measures: time to scale up?

The chancellor’s policy announcements are generating wide discussion but are the sums commensurate with the depth of the downturn?

By James Smith  

Photo: Chris J Ratcliffe/PA Wire

This week the Chancellor Rishi Sunak unveiled his “Summer Economic Update.” In case it’s not clear, this wasn’t technically a Budget. That said, it still contained more policy than all but three of the fiscal events we’ve had since the onset of the financial crisis more than a decade ago. So, it was a big deal. But was it the right deal?

What seems, understandably, to have captured most attention is the types of measures announced. There was a real mix of the tried-and-tested,…

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