The supermarket is the site of the British prime minister’s biggest achievement and worst headaches. What happens at the tills will determine Rishi Sunak’s premiership
museum to Margaret Thatcher. There is no need for one, given the Sainsbury’s supermarket on the high street in Finchley, her former constituency. She opened it on March 16th 1987, inspecting the sausages, zapping cans at the till and delivering a sermon to its employees. “The market economy isn’t some theory—it is, in fact, men and women being able to spend their own earnings in the place of their choice, in shops like these.
Thatcher’s pocketbook politics has been out of fashion for a while. Brexit, the pandemic and internal party convulsions crowded out more quotidian worries such as the price of sausages. In the wake of Boris Johnson’s victory in 2019, Conservative intellectuals declared that culture had vanquished economics. “It’s not the economy, stupid”, ran one headline. Economics had other ideas. The supermarket is again at the centre of British politics.
Mr Sunak realises the dangers. He has made halving inflation by the end of the year his priority. He is likely to succeed in that aim, but its pursuit makes for miserable politics: there is little to do except sit tight and not spend money. Nor will he be thanked. Of 36 countries surveyed by Ipsos, a pollster, British voters are the most likely to blame their government for inflation.
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