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The Guardian - UK
The Guardian - UK
Business
Larry Elliott

Only way is up for Rishi Sunak after disaster of Liz Truss

Rishi Sunak
Sunak believes the key to faster growth is a mix of low inflation, deregulation and improvements to the supply side of the economy. Photograph: Aberto Pezzali/AP

Rishi Sunak is taking over as prime minister at a good time. That might sound a strange thing to say, given that the economy is already facing recession, inflation is at a 40-year high of 10.1%, the financial markets have just thrown the most enormous wobbly and the Conservative party’s poll ratings are at rock-bottom levels.

That, though, is the point. Things are so bad that for the incoming prime minister the only way is up, especially since Sunak can blame any tough decisions he needs to make on his two predecessors: Boris Johnson and Liz Truss.

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