Sunak’s Hard Choices in UK Stagflation Fight: Stephanie Flanders

Who would want to be the UK’s Chancellor of the Exchequer?

That’s what I asked myself as Rishi Sunak and I sat down to talk on Thursday in a snazzy “shared workspace” in the city of Stoke-on-Trent.

Steering an economy through its first serious bout of stagflation in more than a generation isn’t going to be straightforward for any Group of Seven finance minister.

WATCH: Sunak discusses the Brexit settlement in Northern Ireland, the efficacy of his “levelling up” agenda, and his wife’s tax affairs.

Source: Bloomberg

Prices are being propelled higher by costlier energy, as in Europe, and a tight labor market, as in the US -- something the International Monetary Fund described as the “worst of the two worlds” for ...