The daunting economic challenges facing the UK’s next chancellor

Nadhim Zahawi's successor will have to provide support as the country grapples with falling into recession

The chancellor picked by Britain's new prime minister will face a daunting array of issues from the moment he or she takes office.

Whoever takes the hot seat in the Treasury will find themselves in a similar position to Rishi Sunak in March 2020 when the pandemic hit and the economy faced being shutdown for several months.