Sometimes it helps to have a banker as Prime Minister. They have plenty of faults. They can be dry, calculating, and they are typically far too rich to connect with ordinary people. But if they have one thing going for them it is this: they can spot free money when they see it. And Rishi Sunk has seized a chance for the UK to take a percentage of the unlimited cash that President Biden is spraying at American industry.
Hundreds of billions in corporate bungs are available, and because it is all in tax credits there is hardly any oversight
Most people will dismiss the Atlantic Declaration that Sunak negotiated with President Biden on his visit to Washington this week as meaningless guff. And, in fairness, most of it would struggle even to hit that low benchmark. Declarations of friendship between the Prime Minister and President and commitments to a closer relationship and more economic cooperation are a dime a dozen.
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