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London Playbook: Boris Does Dallas — Suella hangs in the wind — Reeves Stateside
politico.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.eu Daily Mail and Mail on Sunday newspapers.
Tory pay offer to schools, NHS staff and carers is all wiped out by inflation
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The big question facing Rishi Sunak as he steps up to deliver his second Budget
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Sunak s dangerous tax rises are about politics, not economics
The UK s favourable debt dynamics give the Chancellor room for manoeuvre – he should take full advantage of the situation
23 February 2021 • 6:00am
Rishi Sunak may be too busy putting the finishing touches to his second Budget to notice, but across the pond a political sprint is underway in Washington.
When passed, the stimulus will amount to 10pc of American GDP. With the tailwind of a supportive Federal Reserve, the Stateside debate is over whether the vast sums involved will unleash inflation. President Biden wants to see a US economy come “roaring back” and said last week: “The overwhelming consensus is to support the economy, you can’t spend too much. Now’s the time we should be spending.”