Sunak Faces Dose of Reality as Economic and Political Woes Mount
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Rishi Sunak
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
Rishi Sunak won an endorsement from financial markets in his first days as prime minister, and even some favorable polling numbers from the British public. His first full week in power may be more challenging.
The new premier’s economic policy is set to face scrutiny as the Bank of England delivers what could be its biggest interest-rate hike in more than 30 years, and the government looks to fill the multi-billion hole in the nation’s finances before a fiscal statement next month.