Chancellor’s statement leaves me with a shrinking feeling

By Simon Rawlinson2022-11-21T07:00:00

Jeremy Hunt’s better than expected investment proposals are already being undermined by inflation. We need to act fast

How do you announce £55bn of spending cuts and tax increases and survive to fight another day? Jeremy Hunt’s textbook campaign of briefing and counter-briefing over the past month shows how.

Telling people the worst well in advance, providing a little short-term sugar, backloading the pain and dumping huge new taxes on industry… it might not be a winning formula, but it certainly buys time and helps to set the agenda for the next election.

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