UK Needs Three More Years Of Responsible Sunakonomics As Premature Debt Based Welfarism Will Harm The Stabilisation Of Economy By Inflation.
Rajiv Upadhyay 
When UK’s new Labour Prime Minister , Sir Keir Starmer stated that the outgoing PM , Rishi Sunak’s achievements should not be under estimated , he inadvertently, spoke absolute truth while maintaining the high standards of traditional British decency .
Rishi Sunak single minded pursuit of controlling inflation as the key to stabilise the British Economy even at the cost of annoying voters , paid dividend in the end . The food inflation and mortgage rates are bound to come down thus bringing relief to millions of citizens . His unique success lies in doing it without sacrificing growth or creating high unemployment . Growth has returned although very marginally.
However like Liz Truss , the new Chancellor Rachel Reeves has stated growth to be her priority. While no one doubts it as a laudable objective but how and when are the key questions . UK has already seen a disaster caused by just a promise of debt based welfarism . If attempted again prematurely it will undo all the Sunak’s efforts and take three years to control the run away inflation it will cause. Sir Tony Blair has talked about the inevitability of increasing tax collection . But the population has already suffered enormously by inflation caused by the Ukraine war , high energy prices and COVID . The thirty percent food inflation and 5 % mortgage rate is oppressive . People must now be given a respite for three more years to make their lives orderly again .
Due to the fear of uncertainty due to Brexit and low labour productivity , international investors will not return to UK for some more years till a proven economic stability under the new government is visible.
The major challenge will be to reach 1- 1.5 % growth rate without causing inflation and unemployment .
These were the key challenges faced by Rishi Sunak and he did remarkably well as an economist . There is no alternative to Sunakonomics being followed for the next three years .
Rachel is also an economist and will understand it . But her challenge will be to sell it to her party and people hoping for a miracle solution . If she succumbs to temptation or falters ,
A Margret Thatcher – 2 is just waiting round the corner .
