Yesterday, I ended a presentation to sixth-formers by commenting that nobody would want to be Rishi Sunak. Of course, in the strict sense that is not true – indeed, many of the people to whom I was talking might well have had ambitions to be Chancellor of the Exchequer. What I meant was that the Chancellor was facing the most difficult combination of circumstances of anybody in his position since the mid-1970s.
Read more >>No salvation in fiscal policy
