After prevailing against Rishi Sunak in the fiercely contested Conservative leadership race, Liz Truss will take office as Britain’s next prime minister.
When Liz Truss takes office tomorrow, she will have to deal with a financial crisis that has never occurred at a period of peace. We are informed that she will do so with £100 billion in public funds, which is a huge increase above the amount her predecessor, Boris Johnson, spent on furloughs during the Covid crisis.
For a prime minister who spent the summer running for office on a promise to stop giving out such “handouts,” this will demand a clear U-turn. But Truss will be served by bare need. Energy producers, merchants, and consumers are all crying in pain. Numerous small enterprises are in danger of failing. Truss will be obliged to call upon Labour’s state interventionism after 12 years of Tory rule.#worldnews #newukpm #liztruss