Business Standard

Britain and Rishi Sunak

The new PM faces unenviable challenges ahead, but he is a testament to the progress Britain has made towards becoming a multi-racial society

Rishi Sunak
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Illustration: Binay Sinha

Shankar Acharya
Britain’s economy and polity are undergoing the most serious stress in the last 50 years. A new prime minister, Rishi Sunak, has been anointed 15 days ago, the third in just over two months. Notably, he is the first PM of Indian origin and a practising Hindu. He faces unenviably challenging tasks, to put it mildly.

Let’s take the economy first. The annual rate of inflation in September rose above 10 per cent and is expected to rise further. According to the latest Monetary Policy Report of the UK’s Monetary Policy Committee, published last week, GDP is expected to decline
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