Boris Johnson’s slogan requires a shift in the scale of public spending that his policies will not concede in substance. That requires public spending which can be targeted spatially to impact incomes and produce green jobs. Mr Sunak resists spending to “level up”. Mr Sunak reckons that voters could now be frightened again into believing a lie: that Britain has spent so much to combat a crisis it risks going bust. Mr Sunak’s attempt to present a brief oil price spurt as evidence of a looming threat from the rising cost of state debt is risible.

Source: The Guardian February 28, 2021 18:22 UTC