Are Rishi Sunak’s five targets real?

In his speech today, the Prime Minister gave five targets: ‘Halve inflation, grow the economy, reduce debt, cut [NHS] waiting lists and stop the boats.’ But are these real targets, or are they the old politician’s trick of promising what will happen anyway?

Sunak’s job is made easier by the way economics is reported: everyone says what inflation is, but no one ever prints the forecasts. No one, that is, except The Spectator’s data hub. We like to think we show you what people think is coming, as well as what just happened. A trawl through the data hub shows that all of Sunak’s pledges are, in fact, statements of what was expected to happen under Boris Johnson, let alone Liz Truss. Let’s go through them in turn.

Inflation

Sunak said he would ‘half inflation this year to ease the cost of living and give people financial security’. Fine words, but inflation was expected to half this year even when Liz Truss was in office.