we start in the uk, where we now have a new finance minister after a night of high political drama. the former chancellor rishi sunak handed in his resignation on tuesday evening, citing a failure of leadership from the prime minister in his handling of the latest political scandal. this left the top finance job up in the airfor a few hours before nadim zahawi was appointed as the new chancellor of the exchequer. this comes at a critical time for the economy as the uk grapples with a cost of living crisis and rising inflation. this was acknowledged in rishi sunak s resignation letter. he said: now, this is being read by some as a defence for current high taxes which could mean that the new man in the job may have been brought in to change that. so what can we expect from the new chancellor? i m joined byjustin urquhart stewart founder of the investment platform regionally. justin, platform regionally. good morning to you. so, justin, good morning to you. so, let s talk abou
Be negotiated it won t be an easy job? be negotiated it won t be an eas “ob? ., , easy “ob? we can almost see this easy job? we can almost see this going easy job? we can almost see this going back easy job? we can almost see this going back to easy job? we can almost see this going back to the - easy job? we can almost see this going back to the 1970s. this going back to the 1970s when we had a view crises then and inflation in the uk at one stage at 25% which is quite astonishing and since then we had two generations of people who have no idea what high inflation looks like and how much it can devastate people especially those on fixed income, pensioners and at the poorer end of society. what will the new chancellor have to do inflation to try to manage that means more interest rates going up, and then making sure there is a proper plan of working out the issue with the rail unions, and this will happen in other areas for workers they need a decent pay rise at present that