Boris Johnson started the week of his political “reset” surveying the cabinet table and noting that most of his ministers were too young to remember the economic pain of the UK in the 1970s.
Johnson said he was determined to avoid a repeat of that decade’s stagflation and high unemployment — but his comments were a reminder that he is plotting a comeback in the teeth of an economic storm.
He emerges from a decisive week in a less precarious position than many had expected, even if the bar for success — to paraphrase Labour leader Sir Keir Starmer this week — had been set “lower than a snake’s belly”.
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