'After the tumultuous years of Boris Johnson, one would have hoped for Britain to catch a break, to find optimism again after years of uncertainty. But the reality is different as Britain faces a dire situation on various fronts' Opinion | topfalk
Liz Truss, Britain’s new prime minister, faces a mountain of challenges that could be a Herculean task for any leader to overcome. The population groans under rising energy prices, and inflation is double-digit. And according to forecasts, the country is in danger of slipping into a recession. Added to this are foreign policy challenges, such as post-Brexit complications, the war in Ukraine, and dealing with China. It could be too much to handle.
Then there is the economic situation. Household energy prices will almost double by October 1 and are expected to rise further and even triple at the beginning of 2023. Meanwhile, Truss’s vision to restart Britain’s economy via trickle-down economics is seen as sceptical by various economists. The latter is particularly worrisome, as inflation in the country is currently around 10 percent, driven by energy costs, and could climb to as much as 18 percent, according to Bank of England projections.
However, Truss’s intentions seem clear, considering she appointed Suella Braverman as Home Secretary. Braverman, part of the conservative party’s ring-wing, supports the UK’s withdrawal from the European Convention on Human Rights and sending cross-channel migrants to Rwanda. Truss is also expected to clearly differentiate herself from China. According to reports, her government plans to officially classify China as a national security risk, just like Russia. In doing so, she considers an apparent change within the conservative party. A few years ago, China was considered one of the most important partners.
Can Great Britain afford an economic war with its largest trading partner right now? The answer is a clear no.
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