NUNZIUM

News That Matters

05.09.2022
THEME: POLITICS

New UK Prime Minister Liz Truss takes office in a difficult historical moment

Across the United Kingdom, businesses and households are warning that they won't make it through the winter without help from the government. That sets up enormous challenges for the incoming prime minister Truss, elected today as successor to Boris Johnson. With inflation running above 10% yearly, soaring energy bills, and the ongoing Brexit consequences the UK is arguably the most impacted European state in the coming winter. During the electoral campaign the PM has defined China a threat - while the bilateral relationship has been growing in the past decade: a course inversion that could bring further economic turmoil. On other foreign matters such as pending issues with the EU and the will to see Russia defeated in Ukraine, new PM Truss is likely to continue the doing of her predecessor. With other nations already taking significant economic measures, PM Truss - already defined as the new Iron Lady - has the possibility to write history for her country in such a complex historical moment.