Rishi Sunak’s Spending Review – and why he got it wrong

Posted on November 26 2020

Rishi Sunak's Spending Review is one of those budgets (which this was, in all but name) that was always destined to go wrong. After all, for a man who has only been Chancellor for less than twelve months this is the fourth attempt at getting things right (at least) and all the others have been pretty inaccurate.

This time his big error is in assuming that people, businesses and foreign savers in the U.K. will behave very differently in response to this downturn to the way that they did in response to the 2008 crisis. I don't think they will.  I explain why, and the consequences, here:

There is more on this here.

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2 Responses

  1. Jack Foley says:
    November 26 2020 at 12:40 pm

    Be careful with the videos, Richard, they are creeping up in length. As I warned previously, nothing puts off folk more than seeing that it is going to last more than 10 minutes. Have as many “chapters” as you like but keep each short and digestible. That’s how writers like Val McDermid get the readers to turn the pages.