Britain is experiencing a political, social and economic crisis. ‘annus horribilis’ What was 1992 for Queen Elizabeth II, became for British society 30 years later, due to a number of factors the country has collapsed. The political factor has become ‘Partygate’ which means the end of Boris Johnson as Prime Minister, acquitted by Liz Truss. Socially, the death of Isabel II has marked the end of an era of history in the country. And, economically, everything went wrong.
British Prime Minister Liz Truss announced last Friday, September 23, the biggest tax cut in years. Shortly after the move was announced, the pound sterling slumped to its worst level since 1971, pushing this week, The Bank of England responded by raising interest rates.. This action was recently taken by the IMF and the United States Federal Reserve to contain the inflation rate that hit the world.
Truss had already recognized the effects stemming from his tax reduction, which further weighing on the ailing UK economy. The prime minister has spoken in an interview given to the BBC, in which he assumes mistakes in his plans, optimistic about improving some of the pillars of the fiscal plan: “I realize that we should lay the foundations of our plans better. We have learned. of that error and I think we still have time to fix it.
British Conservatives at historical lows
While the Conservative Party believes in speedy succession so as not to be harmed by the Boris Johnson controversy, the truth is he is more appreciated than the new prime minister. This is revealed by polls currently being published, which place the Conservatives at historical lows, with more than 20% support, and with Labor able to achieve an absolute majority, with more than 50% of the vote.
Prime Minister Liz Truss it only received 15% approval from UK in his first 20 days in office, according to a survey published by YouGov. This happened when the Conservative Party held its congress in Birmingham. The meeting unfolded with the biggest crisis in conservative ranks since Margaret Thatcher’s departure in 1990. The current ruler, branded the new ‘Iron Lady’, sees her reputation far more rusty than she had hoped.
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