Rishi takes inspiration from Thatcher – with one key difference

‘I believe in fiscal responsibility. Just borrowing more money and stacking up bills for future generations to pay isn’t just economically irresponsible, it’s immoral...anyone who tells you that you can borrow more today and tomorrow will simply sort itself out, just doesn’t care about the future.’

While it wasn’t said explicitly, Sunak’s speech today gave the sense that he is drawing a line under the emergency mindset. ‘Now is the time at last, at long last, he ended, ‘to finally turn to the future.’ That future, it seems, will be one of fewer giveaways and tough lines on tax. But it’s a future the Chancellor is willing to openly make the case for.

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