Economics
U.K. Budget Signals Sunak Embracing Inflation to Erode Debt
- Rising prices help the Treasury deliver unexpected stimulus
- Markets move to price in a Bank of England rate hike next week
Rishi Sunak speaks in Parliament on Oct. 27.
Photographer: Jessica Taylor/U.K. Parliament
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U.K. Chancellor of the Exchequer Rishi Sunak appears to have embraced surging inflation.