they soon will be. that is right. he is the perma crisis chancellor if you like, he has only known one economic emergency after another and, as you say, we have known for some time, haven t we, that inflation was on the way up. we have known that there was going to be huge pressure for people, particularly from energy bills. that was already going to be the case, that money was going less far before the invasion of ukraine, that, of course, has exacerbated and accelerated that, so the backdrop to the chancellor s spring statement, which is not as big a deal as a budget, tougher by the day. but what was fascinating about the set of political choices that rishi sunak made, because they are a set of political choices, was that any wriggle room he had, he held some of it back, for when things get worse, which people expect them to, but some of it all so he put towards tax cuts and the promise of a tax cut in two years time.
his negative covid test. will be back in his negative covid test. will be back in the his negative covid test. will be back in the building tomorrow during friday s news customer and then back next week during the television as well as the podcast version. we should talk about the context remains colossal with what is happening internationally in ukraine and russia, but then this week, that real sense of the domestic focus and what it means here, in terms of bills and the cost of living. in what is happening internationally to what was already a very difficult picture politically, as far as the public finances are concerned and then another big moment for rishi sunak, this guy who has spent a couple of years, whenever he can, saying that his instincts are to be very careful and fiscally conservative and wanting to cut taxes and yet these huge pressures for another big intervention when people are massively feeling the squeeze and if they are not yet, they soon will be. that is righ
he is the perma crisis chancellor if you like, he has only known one economic emergency after another and, as you say, we have known for some time, haven t we, that inflation was on the way up. we have known that there was going to be huge pressure for people, particularly from energy bills. that was already going to be the case, that money was going less far before the invasion of ukraine, that, of course, has exacerbated and accelerated that, so the backdrop to the chancellor s spring statement, which is not as big a deal as a budget, tougher by the day. but what was fascinating about the set of political choices that rishi sunak made, because they are a set of political choices, was that any wriggle room he had, he held some of it back, for when things get worse, which people expect them to, but some of it all so he put towards tax cuts and the promise of a tax cut in two years time.
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