Dodge the doom loop
When even the boss of the Confederation of British Industry warns Rishi Sunak against an austerity “doom loop” of tax rises and public spending cuts, he either heeds the advice or is doomed himself.
The latest Tory Prime Minister foisted on the country without a general election is a wealthy fiscal conservative prepared to balance the books on the backs of the poorest.
As Chancellor he snatched a crucial £20-a-week Universal Credit payment from six million households – a cold-hearted move that casts a chill of fear about what may lie ahead.
His enormous wealth will not be such an issue if he looks after the poor and struggling low and middle-income families.
But sitting pretty while short-changing the less fortunate would be an enormous mistake he would come to regret.
