Money for nothing - but the kicks ain't free

In the 1960s and 70s, inflation was the scourge of UK politicians. It led to the country falling into rapid decline and won us the tag as ‘the sick man of Europe’.

The Prime Minister understands its paralytic impact on the economy and has made it his personal mission to get the sky-high rate under control.

However, was it Sunak who actually caused this explosion in the first place?

Brexit, the Bank of England, the pandemic, and Liz Truss have all been blamed for the recent spike. But maybe it was Rishi’s desperation to enhance his personal brand and score popularity points that has led us to the position we find ourselves today – which, to remind you, is worse than any comparable economy.

On its own, the furlough scheme was generous. The UK paid 80 per cent of people’s salaries, whereby France, for example, paid 70 per cent.

Combine that with mortgage holidays, eat out to help out, the endless printing of money, and poorly managed and reportedly often abused business loans, and you can understand why there has been so much cash circulating in the economy.

It is ironic that a collection of policy options that were meant to elevate him to the office he has assumed far sooner than he expected may now result in him losing said position much sooner than he'd want.