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USD Weekly Review (Feb. 22 – 26)
The longer the chancellor delays raising taxes the better, no matter how that plays with the electorate
Budgets. Mini-budgets. Summer economic statements. Winter economic plans. Umpteen other impromptu announcements. Never has there been a chancellor as hyperactive as Rishi Sunak over the past 12 months.
Throughout Britain’s long Covid-19 nightmare, Sunak has been shovelling money out of the Treasury to support the economy while also warning that sooner or later the spending will have to stop. That moment will arrive soon.
