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Home Economy

United kingdom. Candidates clash over the economy

Ursula Curtis by Ursula Curtis
July 27, 2022
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United kingdom.  Candidates clash over the economy
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United kingdom. Candidates clash over the economy






The two candidates for the Conservative Party leader, Foreign Secretary Liz Truss and former Finance Minister Rishi Sunak, clashed in a televised debate over issues such as the economy or whether Boris Johnson should be hired.




The two candidates for the Conservative Party leader, Foreign Secretary Liz Truss and former Finance Minister Rishi Sunak, clashed in a televised debate over issues such as the economy or whether Boris Johnson should be hired.


Economie


Truss described the government’s decision to raise taxes before Sunak’s resignation as “shrinking”, warning that paying off debts incurred during the Covid-19 pandemic “too quickly will hurt our economy and end up causing a recession.”


taxes


Snack, who justified the tax increase on the basis of the need to fund the public health system and protect the economy during the pandemic, warned that postponing public debt payments would “pass the bill for our children and grandchildren to pay” which could lead to higher interest rates.


successor


The new Tory leader will be announced on September 5, and the next day Boris Johnson will present his resignation to the Queen. The successor will be called to form a government without the need for legislative elections.



















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Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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