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Polling boost for Sunak ahead of his Spring Statement – politicalbetting.com
Polling boost for Sunak ahead of his Spring Statement – politicalbetting.com
Ahead of today's #SpringStatement 44% of the public tell @IpsosUK they are satisfied with the job Rishi Sunak is doing as Chancellor.
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Petrol prices in particular are about killer for governments, let alone with wider very high inflation that isn't going away and government only have very limited power to really do much about it.
People don't notice sneaky fiscal drag on their tax thresholds, but they absolutely don't miss petrol going up massively or their food shop being far more expensive.
They won’t notice how the money treasure lost will be made up in sneaky ways, but they will notice “petrol tax slashed” on front of tomorrows papers, that’s how it works.
Also why should it be killer for a government when every voter knows it’s not fault of their government, it’s all Putins fault.
Those who think he has lost the chance to be PM have got it wrong.
Inflation AVERAGING 7.4% this year.
If Sunak's actual policies are good or not is a different matter, but he actually sounds like a component intelligent individual who is on top of their brief, which is a significant upgrade.
He would likely not thrive in the Red Wall but he might fight off the Lib Dems and left further south
Fuel probably gonna go up by 5p in the next week or so, anyway.
Nobody is gonna be grateful.
Gold, wine, crypto, cheap property in Moldova?
So let's make it cheaper.
@TorstenBell
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Household Support Fund being doubled to £1bn is the main measure focused on lower income households (discretionary fund handed out by councils). That is a total disaster if it really is it for support for low and middle income households (ie no extra benefits uprating)
He would need to produce actual cash as opposed to the same cash being repeatedly promised to multiple towns without ever appearing as now, but if he did...
But it is striking nonetheless.
Let alone tackle the 48 page form.
That is big
Bye bye Rishi
But that will not be immediate. In the meantime, we need to try to keep the economy going.
So we will make fossil fuels cheaper for a while, to help people, whilst also going full-on a green campaign.
After all, we've already done a lot in the last twelve years, and we're accelerating the transition.
Nope, no surprises there then.
That's 1/2 of the £12b gone for NHS.
And “it’s all Putin’s fault” is political genius to say.
Will be a tax cut worth £330 when it does come in
Not QUITE cancelled the NI hike... but nearly...
There is always a but with Rishi's announcements. Every. Time.
I expect co-ordinated world government action against it within 2 years.
So benefit will dissipate somewhat over time and breakeven salary will gradually drop.
Nearly two thirds of the cost of that in the first year will be funded by the fiscal drag of leaving the £12,000 tax threshold where it is.
The following year fiscal drag more than pays for it.
How high do we expect interest rates to go?
High interest rates and inflation usually are destroyers of governments and chancellors?
A four year tax threshold freeze more than pays for it.
https://www.room151.co.uk/treasury/bank-of-england-battles-inflation-with-latest-interest-rate-rise/
However NIMBYism and cynical politics stopped it.
Thank labour, the Lib Dems and boomers not wanting people to buy a new house by them.
What’s the point of that?
Inflation gives a chancellor a huge amount of room to push through flashy measures, even if the net effect is fiscally neutral.
Much depends of what inflation does over the next few years.