Rishi Sunak spent two hours in front of the Treasury Select Committee yesterday defending his Spring Statement and the reasons for doing what he did, how he did. That, in itself, was interesting*
Then Brexit. "When asked whether a drop in trade since 2019 compared with other economies might relate to Brexit the Chancellor, who voted leave, conceded that it “might well be” and confirmed that it was “inevitable if you change the exact nature of your trading relationship with the EU, that was always going to have an impact on trade flows”. It was a rare admission from a politician who claimed in 2016 that Brexit would bolster trade." [Source: New Statesman]
*Apparently, because he did not want to borrow more he decided to target support at the working population rather than channelling money to the poorest through the benefits system.
