Britain's economy, rendered fragile and brittle by Brexit, has proved incapable of withstanding the twin scourges of the pandemic and energy price inflation. The result is a historic economic implosion.
Energy costs are high because demand exceeds supply. Government subsidies will only serve to increase the demand for energy, making it even harder for Britain to find the energy savings it needs.Truss was most recently elected to parliament in December 2019, just weeks before Britain formally left the European Union and months before the pandemic precipitated a seemingly endless litany of scandals surrounding the behavior of lawmakers from the ruling Conservative Party.The bottom line:.
The financial markets seem to agree. Two-year U.K. government bonds are yielding 3.14%, compared to just 1.06% for their German equivalents.
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