
Photo: Russell Hart / Alamy Stock Photo
“It’s not a windfall tax, it’s a special economic operation,” said one wag. Whatever you call it, Rishi Sunak’s newfound largesse will be especially welcome to the lowest income groups who will receive an extra £650 in cash to offset against surging gas and electricity prices.
Economically and socially, it was the right thing to do, and it won’t be the last measure of its kind if inflation remains high. However, it is also a special political operation to save both Sunak and his fellow Partygate convict, the prime minister. As such, its success is more doubtful.
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