A banking crisis erupts. Four experts explain it. Three sound ridiculous. One sounds reassuring. Who would you laugh at?
“You called me an idiot. Let me show you how we restore stability.” Six policies. Six convincing mechanisms. Can he win you over?
He has a serious economic defence. That is precisely why his promise sounds so convincing.
An unexpected shock provides a clear beginning. Funding dries up, lending contracts and the economy suffers. We have a story people can follow.
Six recognisable policies target six financial problems. Each offers a mechanism through which confidence and stability might return.
If the shock came from outside, the Chancellor can appear as the rescuer — rather than explain why the system was vulnerable.