It’s sort of discombobulated because we’ve been just running 100 miles an hour.
It has calmed down a bit, but I would describe it as the calm before the storm – because of what we’ve seen in terms of the Bank of England‘s decision on lifting interest rates.
But inflation is going to peak, quite soon, and lower than perhaps expected.
They are also talking about a recession – a very long, potentially quite long recession – potentially the longest recession since records began.
So that’s all worrying for the government at a time when there is this black hole in the public finances, exacerbated by the decisions that Liz Truss took… and Jeremy Hunt, the new chancellor, has now reversed.
So Rishi Sunak and his chancellor have got a series of very difficult decisions to take on tax and spending.
How are you going to get that through the party? There are so many different views about what he should do.
Source: Skynews.com