The Not-So-United Kingdom

The socio-economic situation in the United Kingdom seems to be going from bad to worse to calamity.

- Shri V.P.Nandakumar

The wounds of Brexit were still raw when Covid-19 happened and the country suffered an economic slump, the kind of which has not been seen in three centuries. Boris Johnson had to call it quits after a series of unpopular decisions and then it was the turn of Liz Truss to throw in the towel.

She had taken over as PM with a promise to undo the damage and Chancellor of the Exchequer Kwasi Karteng echoed her but in the absence of credible steps in the September 23 mini budget, financial markets reacted with a vengeance, plunging the nation into a mood of despondency. The first casualty was Kwarteng’s chair. Prime Minister Truss put up a brave face and continued to assuage sentiments but the turbulence that followed was too much for her to stomach, compelling her to resign admitting that she failed to deliver her promise. 

Unsurmountable problems