RISHI SUNAK MAY SEEM to be Chancellor at a difficult time, dealing with the challenges of Covid-19 and the implications of the Ukraine invasion. But he is a fortunate chancellor in a crucial, if highly disreputable, respect.
The Bank of England has warned that consumer inflation may be in double digits by the end of the year. As a result, every monthly announcement of the main price indices enacts a large change in the tax take. The increases in the consumer price index (and the retail
