Ex-finance minister Sunak vows to tackle inflation in pitch to be UK PM

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LONDON, July 12 — Former finance minister Rishi Sunak will set out his stall to be Britain’s next prime minister today, vowing to tackle soaring inflation before joining his Conservative Party rivals in promising tax cuts.Sunak quit as finance minister last week, presaging the downfall of Boris Johnson who days later said he would step down amid a widespread rebellion by Conservative lawmakers.“We need a return to traditional Conservative economic values — and that means honesty and responsibility, not fairy tales,” Sunak is expected to say at the launch of his campaign, according to his team, a jibe at rivals who have promised immediate large cuts to business or personal taxes.Sunak, who oversaw the country’s response to the Covid-19 pandemic and provided about 400 billion pounds (US$481 billion) in economic support, is one of the favourites to replace Johnson and has the lar…