Britain’s economic recovery rests on Sunak passing credibility test | Business


Most politicians would kill for the kind of adulation that Rishi Sunak received on Tuesday when he announced an extension of the jobs retention scheme until the end of October. But the chancellor, who had previously signalled that the programme was unsustainable and had spent the past week trying to find a way to scale it back, will have been only too well aware how quickly those cheers are likely to turn to jeers when he has to explain how he will pay for his promises. Indeed, even as he spoke, he was in possession of an internal Treasury analysis, since leaked to The Daily Telegraph, setting out the eye-watering increases in public debt from this crisis and the difficult decisions that lie ahead.



Source link Google News

Share