Rishi Sunak

He said: “The most pressing economic priority for the new prime minister and government is to grip inflation. ″We cannot make it worse, inflation is the enemy ...

[Kwasi Kwarteng’s](https://www.huffingtonpost.co.uk/news/kwasi-kwarteng) [so-called “mini-budget” ](https://www.huffingtonpost.co.uk/entry/7-key-takeaways-from-kwasi-kwartengs-huge-mini-budget_uk_632d678ae4b0d12b5403a788)caused the sterling to crash to a new low of $1.03. This is at a time when the UK economy is already looking precarious with high [inflation](https://www.huffingtonpost.co.uk/news/inflation) and a [recession](https://www.huffingtonpost.co.uk/news/recession) around the corner. [inflation could reach 13.3% this winter.](https://www.huffingtonpost.co.uk/entry/interest-rates-increasing-what-does-that-mean-bank-of-england-cost-of-living-crisis_uk_62eb9ca6e4b00f4cf237c41e) [Conservative](https://www.huffingtonpost.co.uk/news/conservative-party) leader instead. Others also pointed out how Sunak had directly told journalists: “If we are not the part of sound money, I don’t see what the point in the Conservative Party is.” “Liz, we have to be honest – borrowing your way out of inflation isn’t a plan – it’s a fairy tale,” Sunak hit back. Back in the July debate, Truss replied: “Let’s be clear – we have inflation because of our monetary policy, because we haven’t been tough enough on the monetary supply, that’s the way I would address that issue.” [Rishi Sunak’s](https://www.huffingtonpost.co.uk/news/rishi-sunak) advice for tackling [inflation](https://www.huffingtonpost.co.uk/news/inflation) has resurfaced, as people lament the new economic policy adopted by [ Liz Truss’](https://www.huffingtonpost.co.uk/news/liz-truss) government last week. [Tory leadership contest.](https://www.huffingtonpost.co.uk/news/tory-leadership) “So I don’t think the responsible thing to do right now is to launch into some unfunded spree of borrowing and more debt, that will just make inflation worse, it will make the problem longer.” He said: “The most pressing economic priority for the new prime minister and government is to grip inflation. While the pound bounced back a little to the value of around $1.08 on Tuesday, many people are already looking back at what could have been if Sunak had been voted in as

The former chancellor's comment during a Tory leadership debate is widely shared after the pound plummets. Chandrashekar Bhat; 27 September, 2022.

The report quoted Sunak as saying: There will be a run on sterling. Rishi Sunak(former Chancellor) – “We have to be honest. The gilts market will be in freefall. He also slashed the highest tax rate from 45 per cent to 40 per cent to revive the economy. After the rout of the British currency, several social media users also said Sunak was a better candidate to lead the government. His successor Kwasi Kwarteng on Friday announced a multi-billion-pound package to support households and businesses.

In August 2022, Sunak warned that it would be “complacent and irresponsible” to ignore the risk of markets losing confidence in the British economy, as wagers ...

MPs should be in parliament holding the govt to account.” The UK economy is in crisis. Rishi Sunak(former Chancellor) – "We have to be honest. He had said: “There will be a run on sterling. Had a dream last night that Rishi Sunak said during the leadership campaign that “If we are not the party of sound money, I don’t see what the point in the Conservative Party is.” And the FTSE will tumble as global investors take fright and sell off every form of British asset.

London, Sep 27 (PTI) The supporters of Rishi Sunak in the Conservative Party leadership race, which concluded earlier this month with opponent Liz Truss as ...

Rishi Sunak spent the vast majority of the leadership campaign warning against Liz Truss's promise of tax cuts, labelling them a 'moral failure'.

He added: “I think we are where we are, it’s not where I would be in the first instance… the bit that I do have some issues with, I have to say, is unfunded tax cuts of the kind of order that we’re looking at here and that really I think is the part that has spooked the markets, because those tax cuts have got to be paid for.” “For the good of our country, and the livelihoods of everyone in our country, I still hope to be proven wrong.”

London: The supporters of Rishi Sunak in the Conservative Party leadership race, which concluded earlier this month with opponent Liz Truss as British.

And, lo, his prophecy, dismissed as doomsterism at the time, has already come to pass, it said. I don’t think life is that simple, and I think her plan risks making everything worse, he said at the time. I don’t think you can have your cake and eat it.