Many British Conservatives now prefer tax cuts to balanced budgets
But high inflation makes it risky to stimulate the economy
British politics has become so tumultuous and scandal-ridden that disagreements over policy seem almost courtly. But their consequences can be profound. A rift with Boris Johnson over the economy lay behind the resignation of Rishi Sunak as chancellor of the exchequer on July 5th. This philosophical divide may result in Britain throwing fiscal caution to the wind at precisely the wrong time.
This article appeared in the Britain section of the print edition under the headline “Spend rift”
Britain July 9th 2022
- A monstrous in-tray awaits Boris Johnson’s eventual successor
- Many British Conservatives now prefer tax cuts to balanced budgets
- The House of Commons has a long history of sexual misconduct
- Britain’s labour market is straining to recover from the pandemic
- Britain wants to shake up adult education
- Britain and America sound a joint alarm over China
- The toxicity of Boris Johnson
From the July 9th 2022 edition
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