It would be a mistake for Rishi Sunak to shy away from further stimulus | Larry Elliott

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The economy is pretty good shape but the chancellor’s budget will need to sustain that recovery

Unemployment is rising. The national debt has topped £2tn for the first time. The economy contracted by 25% in just two months. So why then is Rishi Sunak the cabinet’s golden boy?

Well, for a start, everything’s relative. The chancellor has clearly had a tough first six months in the job, but has given the impression of competence and consistency when both have been in short supply. You don’t need an algorithm to work out which ministers would have failed their exams or to know that Sunak is not one of them.

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