Tuesday, 5 July 2022

Britain: When the Chancellor of the Exchequer and other key figures resign....

 

When key figures of the government resign is a serious issue, but having none other than the Chancellor of the Exchequer walking away when the economy is facing Armageddon is more than serious.

If there is war in Europe, where is the money to beef up the Armed Forces going to come from at a time when Britain faces widespred industrial unrest?

Look at the state of the second most important country in the North Atlantic Alliance. Who will want to take the burning handle of the pan? Any takers? The country cannot be without a Chancellor of the Exchequer at such a crucial time. After the FTPA was repealed on March 22nd 2022 (Fixed Term Parliament Act), could the government fall and an advanced General Election be called?

Some will say that the Conservative Party has a mandate until 2024 and that any changes should happen within the Conservative Party. Others will say that given the present state of affairs another General Election should be called to restore public confidence. What will happen? Political instability worsens economic instability and any uncertainty could lead to hyper inflation.


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