The Government’s approach would make more sense if life had fully returned to normal after the pandemic. But it hasn’t. Like 2020, this is an exceptional crisis year. The spike in inflation is expected to be temporary: from this year’s 11 per cent, the OBR forecasts that it will return to five per cent in 2023. So doesn’t it follow that, just as with Rishi’s crisis interventions of 2020, we need to break with Treasury norms again to deal with the exceptional challenges of 2022?