He seems to be a natural austerian – for everyone but himself, naturally. The piece suggests that he is much more ‘conservative’ – fiscally and emotionally than the chaotic political space that is Johnson – and therein lies a tension between the two.
Matthew d’Ancona, the author, says:
Politics is not a branch of economics…
Most right wing think tanks think it is. They frame economics to control the choice in politics. Thus the narrative will surely be that we cannot have it all, because in due course it will all need to be paid back (without ever telling us who to).
That, I fear is will be the theme running through Sunak’s statement today.
Bankers don’t want to share largesse if they can possibly avoid it. And Sunak will not want local authorities to have enough money to provide a democratic challenge to the Conservative over-centralised state.
Though when D’Ancona says:
In the past few weeks, three Conservative MPs have separately mentioned to me The Deficit Myth by Stephanie Kelton.
We may have some small hope that there is the start of a slight chink in the armour….