How the Tories Wrecked the Economy
This week's budget is set to be a fitting coda to 14 years of Tory economic misrule that will leave an incoming Labour government with few good options
As a display of cynicism, it takes some beating. Jeremy Hunt has spent the past few weeks conducting a semi-public debate about how he might game his own fiscal rules to conjure up sufficient “fiscal headroom” to deliver tax cuts that no serious economist thinks are appropriate in his budget on Wednesday. Not for this chancellor the statesmanship of the John Major government, which sought to atone for the humiliation of Black Wednesday by bequeathing Labour in 1997 a golden legacy. For the Sunak government, even with inflation still well above target, public services collapsing and…
