Economic crisis, the main challenge for Rishi Sunak in the UK

Abigail Brewer 2 years ago 2 min read

October 25, 2022 | 8:27 AM

New Prime Minister United kingdomAnd the Rishi Sunak, will seek to solve the “disaster” left by his predecessor, Liz Truss, as well as restoring confidence in the economy and tackling a “deep economic crisis”. But he warned that this would entail making “difficult decisions” for the country.

In a letter sent from his Downing Street office, the official spoke of his two predecessors, Truss and Boris Johnson. Regarding the first, he mentioned that Although he made mistakes, they were “not born of bad faith or bad intentions”.

I elected my party leader and prime minister to partially reform them. The job starts immediately. I will put economic stability and confidence at the center of this government’s agenda, which means that tough decisions lie ahead.

Sunak commented.

I will unite our country, not with words, but with action.

I will work day in and day out to deliver to you.

Watch my speech from Downing Street 👇 pic.twitter.com/diOBuwBqXc

– Rishi Sunak October 25 2022

As he mentioned it during his tenure You will be guided by the promises made by JohnsonPart of the vision for the Conservative Party when it won the 2019 elections.

Sunak assumes the leadership of the British people in the context of where Energy and food prices continue to riseaware of the complex situation the nation is currently going through.

I stand here before you, ready to lead the country into the future, to put your needs above politics, to reach out and build a government that exemplifies the best traditions of my party.

Prime Minister said.

The United Kingdom is in deep crisis

Although Sunak . arrives The British pound showed slight signs of recoveryThis is not enough for the deep crisis dragged on by the British currency, which maintains uncertainty over whether the improvement is temporary or not.

Sunak is The third Prime Minister of the United Kingdom in a period of two monthsa situation that reveals the instability that the country is going through.

During his tenure, he is expected to apply Big spending cutsWith the aim of rebuilding the country’s financial reputation, just as the country is heading into recession, due to the high prices of basic goods and services.

The United Kingdom is located In a state of “permanent crisis” since I decided to leave the European Union in 2016.

With information from Reuters