Rishi Sunak guilty of 'gross mismanagement' over £11 BILLION wasted

Rishi Sunak's failure to insure against rising interest rates has cost the UK an estimated £11 billion, according to an economic thinktank

RISHI Sunak has been accused of "gross mismanagement" after the UK's oldest independent economic institute found he had wasted a staggering £11 billion of taxpayers’ money.

The National Institute of Economic and Social Research (NIESR) said the Chancellor’s failure to insure against interest rate rises had resulted in unnecessarily high payments, which have cost the taxpayer billions over the past year.