Beyond Currency

22 August 2022 - Rudderless UK heading for the precipice


Listen Later

When Boris Johnson announced his Resignation on July 5th, he refused to step down immediately and hand over control to his deputy Dominic Raab, citing the need for a seamless transition to his successor and the serious issues that the country is facing.
However, since Johnson’s resignation the country has appeared to be rudderless with the Prime Minister taking not one but two holidays during this time as the two candidates to replace him spend time promising tax cuts and additional support payments to woo voters.
By the time Johnson’s successor is voted in and been able to create a new Cabinet, the third quarter of the year will be at an end, and the country will in all probability be in recession.
With inflation now above 10% and looking increasingly likely to top Andrew Bailey’s estimate of 13%, urgent action is needed to provide support to the lowest paid to avert the rising level of industrial action that is not only already taking place but also further strikes through the public sector.
The country’s largest container port at Felixstowe has been hit by a strike which started on Friday, and this will add to the continuing issues with supply chains that have only just returned to normal following the Pandemic.
...more
View all episodesView all episodes
Download on the App Store

Beyond CurrencyBy CurrencyTransfer

  • 5
  • 5
  • 5
  • 5
  • 5

5

1 ratings