The new British Prime Minister Liz Trasses will receive a country with an ozazy state of economy and many accumulated problems, writes Wall Street Journal.
As experts say, in Britain the highest inflation among the G7 countries and the lowest growth of the economy. Economists expect prices for 22% in winter, which can be a record after the Second World War. Small business and enterprises face bankruptcy, ordinary British will not be able to pay for energy and fuel bills.
Liz tracks made rather conflicting promises. She wants to reduce taxes and pay benefits for people and business, who can not cope with the payment of accounts, and this is against the background of the strongest budget deficit. At the same time, she promises to download money to the economy and reduce the key rate. These actions will automatically lead to acceleration of inflation.
Founding of sterling is located at 40-year-olds. Economists are sure that in the case of the execution of the plans of the Prime Minister, the currency can collapse to the same level with the dollar for the first time in 230 years.