Politics

This afternoon Dominic Raab will chair a Cobra meeting where the issue of lifting the lockdown will be raised. When Boris Johnson first announced social distancing measures he said the arrangement would be re-examined in three weeks’ time. Yet no one in government believes there is any prospect of an imminent lockdown lift – instead an extension is coming. If any change is on the menu it’s likely an enhancement of the current arrangement – such as limits on the use of cars – ahead of the sunny Easter Bank Holiday weekend.  The view in No. 10 is that talk of an exit strategy is premature when the UK has not yet even

Ten billion here. Twenty billion there. At least we now know where Rishi Sunak is getting all the money from. As of today, the Bank of England has quietly started directly financing the government. Instead of selling gilts to fund the difference between what it raises in taxes and what it spends the Bank is simply going to increase the government’s account, normally a relatively trivial £370 million, to what it discreetly describes as an ‘unlimited amount’. How much might that be? No one knows, but the final number could easily have ten zeros at the end of it. What is known in the economics textbooks by the rather dramatic

We have never had a moment like this before in our history: a time when the Prime Minister is, in the most personal way possible, fighting the very problem his government is trying to tackle. After Boris Johnson tested positive for coronavirus, he insisted that he would keep leading the government from self-isolation in Downing Street. His determination was influenced by the fact that No. 10 believed that parts of government needed pushing to make sure they delivered; there is frustration in Downing Street about the speed of progress in testing, for instance. But those in virtual meetings with him did worry that he was often coughing, and his performance