Even though he was only appointed to his post just weeks before the outbreak, he has shown coolness, authority and imagination under pressure. One opinion poll yesterday gave him a public approval rating far ahead of Boris Johnson.
Yet now Mr Sunak faces his sternest test. As the economy begins to open up, there are fears that the end of his vast job protection programme, which has so far supported half the national workforce, will fuel unprecedented unemployment. Without action, an economic apocalypse could be on its way.
This Wednesday in his financial statement to the Commons, the Chancellor will outline his plan to avoid that grim eventuality by boosting growth.
It is thought that among the measures he will propose are a continued suspension of business rates, a cut in VAT targeted at the hospitality sector, a holiday for employers on national insurance contributions and a rise in stamp duty thresholds to galvanise the housing market.
But perhaps the most important step will be a switch in focus from the bloated, dysfunctional university sector to technical education, which has been undervalued for far too long.
OVER recent decades, the state’s priority has been the inexorable expansion of our universities, regardless of the nation’s real needs.
This story is from the July 06, 2020 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 06, 2020 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
GUNNERS GO ON A POWER TRIP
Havertz shines as leaders put the heat on title rivals
IT'S ALL IN THE HEAD FOR JACK
Draper determined to develop mental strength to beat best
Ronnie is playing it cool at the top
I'M NOT THE GREATEST SAYS THE WORLD NO.1
ABOUT TIME TOO! CIVIL SERVICE JOB CUTS TO PAY FOR DEFENCE BOOST
RISHI Sunak will axe 70,000 civil servant jobs and free up billions of pounds to boost Britain's defence.
Crammed boat crosses the Channel despite five dying
AN overcrowded migrant boat that capsized in the Channel leaving five dead, including a seven-year-old girl, was allowed to continue its journey to the UK by the French navy.
Cheekiest of grins as Louis turns a princely 6 years old
A NEW picture of a beaming Prince Louis was released yesterday to mark his sixth birthday.
'More tax cuts on the way' despite borrowing shock
FURTHER tax cuts remain on the cards for Chancellor Jeremy Hunt - despite higher than expected borrowing.
UN chief's horror at mass graves in Gaza
THE United Nations' human rights chief says he is \"horrified\" at the discovery of mass graves in Gaza.
£1.1m earnings from TV help Sheridan forget West End flop
SHERIDAN Smith's TV work earned her £1.1million last year - keeping her smiling despite her latest theatre show not going to plan.
Hatton Garden robbery mastermind dies at 84
Brian 'the Guv'nor' Reader's heists worth £200m