The factionalism of Tory MPs and the popularity of the opposition Labor Party
Agencies – London
Bharatvanshi Rishi Sunak was sworn in as the new Prime Minister of Britain. Their honeymoon is coming to an end, and a mountain of challenges lay before them. Apart from this, factionalism among Tory MPs and the popularity of the opposition Labor Party have also put Sunak on the nose. Time for Sunak is short and the challenges are immense. Before Chung, Liz Truss came to power with all the populist promises, but lost the prime ministership after 41 days without a job. Now Sunak’s patience adds to his difficulty. According to reports, convincing political opponents is a bigger challenge for Sunak than investors. Truss and Boris Johnson have both signed an amendment against Sunak’s new bill. Britain’s economy has been hit hard since leaving the European Union.
Especially since the Corona era, Britain is currently struggling with rising inflation, an energy crisis, rising electricity bills and a potential recession. Convincing political opponents is a bigger challenge for Rishi Sunak than investors amid the economic crisis in Britain. Government officials say the Sunak government is developing a series of policies to boost the UK’s weak economic growth and get people back into the labor market, but most of these measures will not be implemented until the government budget in spring 2023. to announce The rising popularity of opposition Labor in recent polls has fueled unease among hard-line Tory MPs.
Liz Truss and Boris Johnson are unhappy
Although Sunak managed to calm the financial markets with an austere fiscal plan based on large tax increases as his first step after becoming British prime minister, it was not enough. Liz Truss and Boris Johnson have reportedly signed an amendment against the bill. Apart from this, according to government officials, Sunak and Chancellor of the Exchequer Jeremy Hunt are now preparing a strategy for the second phase.
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