merelygifted:

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.  …