Bloomberg sees Britain losing its status globally
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
*The article has been translated based on the content of lenta.ru/. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!
For all the latest news click here
Denial of responsibility! WHICHLEDLIGHT.COM is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at email@example.com The content will be deleted within 24 hours.