On learning that our new Chancellor is to be Rishi Sunak, 2 questions come to mind:

1. who is Rishi Sunak

2. is Rishi Sunak up to the job?

Well, he’s been an MP for just 5 years, and Sec. to the Treasury for 6 months.  So Rishi Sunak is not exactly weighed down with experience.   Moreover he gets the job because his predecessor was put into an impossible position, required to kow-tow to No 10.

It may be – some have suggested – that this puts Rishi Sunak in a stronger position, as the FL cannot afford to lose 2 chancellors in quick succession.  But I would not bet on it.  Johnson is a coward and a bully.  I doubt if he will baulk at bullying somebody he perceives as smaller, younger and weaker.

If Rishi Sunak has accepted the job on the terms that the Urban Spaceman turned down, which I presume he has,  he’s got off to a terrible start.

One thing I do know is that Rishi Sunak is an anagram of   “I..I shrank us” – which does not seem the best of prognoses for the UK economy.