Not since March 1992 has there been a budget like it, and that one was ripped up within six months after the UK crashed out of the European exchange rate mechanism on Black Wednesday.Rishi Sunak, the
The events of September 1992 has been documented by the late Jeremy Heywood, who served as the Chancellor s principal private secretary from 1991 to 1997.
Although he passed away in October 2018, his wife Suzanne Heywood has recently published a record of his career in the book: What Does Jeremy Think? Jeremy Heywood and the Making of Modern Britain .
The book details the cataclysmic effect of comments made by Helmut Schlesinger, the head of Bundesbank, to the press the day before Black Wednesday crippled the UK economy.
From the third quarter of 1992, the UK economy started to falter and required Europe to lower its interest rates to help prevent the economy from free falling.
How Rishi Sunak’s new diet keeps him trim – from fasting to kicking the fizzy drinks addiction
He’s put the country on a diet, but what are the secrets behind the Chancellor’s svelte physique?
Rishi Sunak in his Stanford sweats earlier this week
In his role as guardian of the nation’s finances, the small matter of whether Rishi Sunak is an unstoppable feeder or miserly belt-tightener is still up for debate – and probably best left to colleagues who can count.
What’s less ambiguous is the Chancellor’s policy on his own waistband. In that department, it seems, he’s very much led by data and not dates (though, incidentally, dates are high in fibre and antioxidants), and the data is telling him that nutritional austerity is the best way to go.