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Rishi Sunak offers spending now – and signals tax cuts later
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Up until the last few minutes of his second budget it was hard to distinguish Rishi Sunak from a giveaway chancellor of yesteryear. The hour-long address was peppered with spending pledges on everything from schools to prisons, from theatre refurbishment to community football pitches.
Then, as the peroration approached, the real Sunak emerged as he launched into a statement of his belief in a Britain where taxes are lower and the state is smaller. The chancellor could hardly have been clearer: he intends to get taxes down before the next general election.
Sunak felt the need to provide his colleagues with some reassurance that the spirit of Margaret Thatcher was alive and well in the Conservative party because – as the Office for Budget
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