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Economy in Great Britain: What about after Boris Johnson?

Economy in Great Britain: What about after Boris Johnson?

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British Prime Minister Boris Johnson has been forced to resign by his own party. His replacement will have to redouble his efforts to avoid the recession and improve the difficult economic situation.

 

Boris Johnson announced last Thursday that he was resigning as leader of the Conservative Party and British Prime Minister, following the resignation of more than 50 government ministers and the announcement by many parliamentarians that they wanted him to leave.

 

Strained by a series of scandals and a loss of confidence in his integrity, the Prime Minister remained in office, a situation that his opponents, and many members of his own party, considered untenable.

 

A weakened economic and social situation

 

Recently, like most european countries, the U.K. has been facing high inflation, slowing business activity, rising interest rates and, as a result, strong fears of economic recession. With inflation near 10% and less support for purchasing power than its neighbors, the U.K. is in a complicated situation.

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Featured photo : © Andrew Parsons / 10 Downing Stre/ Crown Copyright

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