Rishi Sunak is set to leave Tory conference after making it through…just one day. After making one speech today, thanking the members for their efforts during the election and defending the Tory record, he’s set to go back to the capital to “prepare for the budget” next month. Then he’ll swiftly clear the stage for the four leadership candidates, encouraging members to unite behind whomever is chosen…
Meanwhile, Jenrick and Tugendhat are calling for the leadership race to be fast-tracked, eager to end the agony of this drawn-out saga and install a new leader in time for the budget. When your current leader can barely endure the first day of conference, who can blame them…
Andy Haldane, Burnham’s recent adviser on the economy who has not taken up a No10 job, told Andrew Marr on LBC:
“The market now suspects that this is a traditional tax-and-spend socialist government with better TikTok videos…
imposing windfall taxes on oil & gas or on banks or upping capital gains tax would […] repeat the mistake that Rachel made […] The Achilles heel, the fiscal Achilles heel of this government thus far has been its unwillingness and/or inability to cut public spending.”