What kind of conservative is Rishi Sunak? This time last year, there was a clear answer: he was a fiscal hawk who was worried about how much the government had to borrow to fund the Covid crisis. As chancellor, he was always fighting with the prime minister over high spending. When Sunak tried to raise the national insurance rate, he did so partly to send his party an important message: the borrowing and spending has to stop.
Now Sunak is in No. 10 and Boris Johnson isn’t around to demand more spending. There has been a Budget and a list of priorities – and Sunak’s agenda is starting to emerge. It includes a tax burden not just higher than any time in the 1970s, but any time in postwar history. A record proportion of the workforce are paying the higher rate of tax. These are government interventions that Tories would have once mocked.
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