Britain’s next prime minister, former finance chief Rishi Sunak, inherits a UK economy that was headed for recession even before the recent turmoil triggered by Liz Truss.
Data Monday showed Britain’s economic downturn has worsened in October, with private-sector output at a 21-month low. The former chancellor of the exchequer had warned in the battle to succeed Johnson that tax cuts promised by Truss when government debt had already soared on Covid interventions was the wrong policy to pursue.
However, with UK inflation at a 40-year high above 10 percent, the Bank of England is set to unveil another bumper interest-rate hike at a regular policy meeting next week.
There’s a reason for that! He caused it 🤯🤯🤯. SunakOut ToriesDestroyingOurCountry ToriesOut110
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