Truss, Sunak shy away from Britain’s economic woes
With runaway inflation, worker shortages and range of other problems, the UK economy is in trouble. The candidates to take over from Boris Johnson, however, seem oblivious to this.
London | The last time Britain suffered double-digit inflation, in 1982, Margaret Thatcher was prime minister, the nation was about to go to war with Argentina over the Falkland Islands, nurses and miners went on strike, and Prince William was born to Prince Charles and his wife, Princess Diana.
This week, Britain is again in upheaval, with an inflation rate of 10.1 per cent in July, a looming recession and a Conservative Party in the throes of a rancorous campaign to choose a new leader. If, as expected, Liz Truss is elected next month, she would take power during a period of economic stress comparable to what Thatcher confronted.
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