why Rishi Sunak may not use his £20 billion 'war chest' to tackle cost of living crisis
- Written by Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre; Professor of Financial Journalism, 2009-2017, City, University of London
The accelerating crisis in the cost of living and the Ukraine conflict have thrown up major challenges for UK chancellor Rishi Sunak on the economy and the public finances. As he prepares to make the 2022 spring statement, which sets out changes to the government’s plans for taxing and spending for the year ahead, striking the right balance...