From tackling inflation and reducing a rising tax burden to making decisions over the structural reform of the Treasury, the next Chancellor will have to get to grips with a long list of problems.
When did we stop appreciating diversity of economic opinion?
We were unlikely to emerge from the inflationary consequences of supply shortages, the pandemic and the Ukraine war without the economy suffering.
It was over-optimistic to expect the world economy to cope with both a pandemic and a fairly major war and escape unscathed.
Home buyers are likely to face the headwinds of higher mortgage rates, squeezed living standards, and higher taxes in the next two years.
The civil service needs diversity of thinking if it is to succeed.
The measures announced today will do little to help with the cost of living crisis. They do not even offset the Chancellor’s own stealth taxes.
Data from around the world suggests there was an unhappy medium when it came to the effect of restrictions on economies.
The impact will depend on whether sanctions can be sustained. Will voters be willing to accept an even bigger squeeze to living standards?
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