LONDON: Rishi Sunak will this week begin grappling with Britain’s most challenging fiscal blowout since World War II, in what will ultimately become the defining test of his tenure as chancellor of the exchequer.
On Wednesday, the finance minister will unveil departmental budgets for the next financial year on everything from education to defence, providing hints both on his approach to tough choices and his determination to reassert the fiscal restraint anchoring the soul of the Conservative Party ever since Margaret Thatcher in the 1980s.