Editorial: Symbols are important, but the Tory leader’s background
as a hedge fund manager rather than his race explains his politics
… The new prime minister is the richest man in parliament. Despite having
no popular mandate, he did little to reassure people who are worried
sick about rising costs or lengthening NHS waits. The emergency is real.
Yet Mr Sunak seems intent on turning off household support for energy
bills next April. He plainly thinks that meeting an arbitrary target of
reducing national debt is more important than saving people from penury.
Without fiscal expansion and the energy price guarantee, inflation will
be higher and the recession deeper. Interest rates are likely to rise.
Analysts at Morgan Stanley
say borrowing costs for homes could hit 6%, which – along with higher
utility bills – would see up to 40% of households struggle to pay their
mortgage. …
“To be happy is a hundredfold easier than it seems. If he really desires to enjoy himself the man of taste has no need of riches; all he wants is to be free and to be his own master.”
— Jean-Jacques Rousseau, Emile, or On Education (via philosophybits)
