With inflation close to 10% and growth slowing, the British economy is dangerously close to recession. But the recent health crisis and Russia’s invasion of Ukraine are only multipliers of economic damages already produced by Brexit.
The lack of coherence in the policy mix implemented by Liz Truss’ government and the lack of credibility of the stimulus plan are sending negative signals the markets. How can the UK government respond to record inflation, slowing growth, low business investment and the depreciation of the pound?