"Public reassurance is one of the first duties of the government in difficult times. The early months of the Covid pandemic offer a case study in how to get this wrong."
"Even in best-case scenarios, where the strait of Hormuz is promptly reopened and stays unobstructed, the Gulf states' capacity to export energy will take years to recover."
"International conflict provokes demands to increase defence spending, while slower growth depletes Treasury revenue, and borrowing costs remain high."
"Painful tax and spending choices loom on the horizon at a time when public reserves of goodwill towards the government are depleted."
Public reassurance is a critical government duty during crises. The Covid pandemic illustrated failures in leadership, particularly with Boris Johnson's indecision. Sir Keir Starmer faces challenges in a global crisis, especially with unpredictable international events. The situation in the Middle East complicates Britain's role, as military involvement is not justified. Economic repercussions from conflicts lead to inflation and shortages, pressuring government finances. The chancellor must respond to rising household costs while managing defense spending and revenue challenges, all amid dwindling public support for the government.
Read at www.theguardian.com
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