Coronavirus Latest News

Rishi Sunak faces fiscal dilemma after rare political misstep

Analysis: Ill-timed US trip and reluctance to turn bailout taps back on could tarnish chancellor’s carefully polished image

Hobnobbing with tech bosses in California as the hospitality sector howled in pain at the catastrophic impact of the Omicron variant was a rare political misstep for a chancellor whose public image is so carefully polished.

Until midweek, the Treasury had stuck carefully to the line that ample financial support was already available to hard-hit hospitality firms – the VAT cut for the sector extends into next spring, for example.

Continue reading…

Read the original article at The Guardian

Related Articles

Back to top button