Tuesday, August 9, 2022

The challenge of Boris Johnson’s successor

The defense of Boris Johnson, whose multiple scandals have distracted the nation’s attention for months, has suddenly exposed the Conservative Party’s urgency. The two rivals are face-to-face in the formation primaries. The winner, which will be announced on 5 September, will immediately take over as Prime Minister of the United Kingdom. Rishi Sunak, former economy minister, and foreign minister Liz Truss will fight to gain the support of a majority of 200,000 allies with voting rights during the first weeks of August. Polls indicate that the truss begins as the clear favorite among memberships that are mostly older, white, with more men than women, middle class and deeply Eurosceptic. But this time the challenge is not to make Brexit a reality, which is why terrorists trusted Johnson a year ago. Downing Street’s next occupant will face immediate threats that will be runaway inflation, which reached 8.2% in June, the public debt that already accounts for 96.1% of GDP, and a recession on the horizon.

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What is needed is the economy, but everything tells that the militants tories They will turn away from the personal feuds that Johnson’s fall has sparked. Sunak, the most clearly prepared candidate to face the immediate challenge, provoked a blatant disapproval among all those who had, by the way, still had an end to the prime minister’s career. It is paradoxical that politicians with clear neoliberal convictions, and defenders of Brexit from the first minute, represent the least attractive of the options for many militants. According to his rivals, his refusal to reduce taxes until inflation and public finances are controlled shows how far Sunak is from the true spirit of the Conservative Party.

Whatever be the case, tough times are about to come for the British. She and Truss both claim heirs to Margaret Thatcher’s legacy, but the former minister recalls that the Iron Lady always defended the need to balance accounts before distributing tax benefits, something her opponent had already valued. Has promised a tax cut for 35,000 million euros. Thatcher’s real successor would be Sunak, against a truce more reminiscent of Ronald Reagan, and his theory that drastic tax cuts, reduced public spending and control of markets would be enough to ensure growth. To counter inflation, the recipe would be a tighter monetary policy, which the candidates advocate, ignoring the independence of the Bank of England, which has already made its option clear of a gradual increase in rates.

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In theory, the British would not vote for the next two years. For the moment, it is the Conservative allies in whose hands it is to end or consolidate disconnection with reality, to which the Johnson era led the party.

Nation World News Desk
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