Truss’s term was ended last year when her largely unfunded mini-budget and tax cuts drove up borrowing costs, and mortgage rates and sent the pound plunging. This shattered Britain’s reputation
Europe is headed for recession as the cost of living crisis worsens
The eurozone is likely to enter a recession. Monday’s surveys showed that the cost of living is increasing and consumers are cautious about spending.
UK will be forced to buy back gas shipped to Europe for storage
After supplying approximately 15% of the supplies on the continent, Britain will have to purchase back the gas it exported to Europe.
No time to waste on Brexit: EU worried about Truss as UK new PM
Europe is anticipating Liz Truss’s potential as Britain’s next prime Minister with mixed emotions: Diplomats state that they don’t need another Brexit battle after the war in Ukraine, rampant inflation