Rishi Sunak’s energy bill u-turn is too little, too late

A tweak to the landfill tax perhaps? A minor adjustment to the airport levy? Rishi Sunak no doubt stayed up late into the night sifting through all the most minor tax cuts he could offer before re-launching his campaign with a dramatic u-turn. In the end, he plumped for axing VAT on energy bills, promising to scrap it for a year. Sunak’s campaign insist it will save the average household an estimated £160 as prices go up. The trouble is, it is too little, too late: if Sunak wanted to cut taxes he needed something far bigger and bolder.

Sunak’s announcement is a sign of desperation. The Conservative party’s members look to have already chosen their next prime minister. Liz Truss is not way ahead in the polls because she is a fantastic speaker (she isn’t) or because she connects with ordinary people (she doesn’t).