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Bloomberg sees Britain losing its status globally

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Bloomberg Columnist Crawford: Britain Lost Great Power Status After G20 Summit

Due to economic turmoil, the UK faces an uncertain future and loses its status as an influential country globally. Critics expressed this opinion Bloomberg Alan Crawford.

He noted that the dire economic outlook required British authorities to raise taxes and cut spending. Such measures will guide the policies of Prime Minister Rishi Sunak, the journalist added.

In addition, Crawford pointed to the recent G20 summit. According to him, the results of the meeting showed that other power centers are emerging in the world that London needs to reckon with. “The new reality is a multipolar world that will not wait to fix the UK’s economic problems or correct its failed political path,” he said.

Earlier, UK Chancellor Jeremy Hunt announced that the country will face a 1.4 percent contraction in the economy in 2023 as a result of the recession that started in 2022 and also announced plans to increase the tax burden needed to close the gaping hole in the state. Budget


Source: lenta.ru/

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