RISHI Sunak looked down and out after the scandal over his wife’s tax affairs exploded, his mini-Budget flopped and he received a Partygate fine.
Tory MPs were openly speculating he would “swan off back to California”. But the Chancellor is fighting back.
He swallowed some bitter pills yesterday with a U-turn on a windfall tax and accepting that March’s Spring Statement was paltry in the face of the worst cost of living crisis since the 1970s.
Outside the Westminster bubble all that matters is those that need the help most will now get it — and his plan was warmly welcomed by most experts yesterday.
However, there is no doubt he is storing up political trouble for the future with his actions.
He says he’s a tax-cutter, but the man who has already spent more than £400billion in his short tenure in No11 resorted back to his comfort zone.
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Those promised tax cuts never seem to arrive as he shook the magic money tree once again.
His Labour shadow Rachel Reeves revelled in forcing him into the windfall tax just a week after Tory MPs voted against it.
She even channelled Tony Blair with her closing flourish of: “We lead, they follow.”
