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2024 at the latest — will be an uphill battle. Inflation rose above 10% in July for the first time in 40 years, driven largely by the rising cost of energy, food and fuel. According to a forecast by the Bank of England, inflation will soar to 13% by the end of the year. The central bank also predicted that the UK would enter into recession before the end of the year. And on Monday, in a signal of these serious challenges ahead, the British pound dropped 0.3% to its lowest level against the US dollar since 1985. Analysts are skeptical that Truss’s tax-cutting policies will do much help citizens, especially after a decade of austerity policies. The Institute for Fiscal studies, an independent research group focusing on public finances, said last month that the leadership contestants, who were both promising tax cuts and smaller government spending, “need to recognise this even greater-than-usual uncertainty in the public
finances.” Hide Caption 50 of 50 Photos: Former British Prime Minister Boris Johnson Boris Johnson waves from the steps of No. 10 Downing Street after giving a statement in London in July 2019. He had just become prime minister. Hide Caption 1 of 50 The specter of Johnson Looming over Truss’s new government will be the long shadow of Johnson, whose time in office saw approval ratings and voter intentions plummet for the Conservative Party. He leaves office a deeply unpopular prime minister less than three years after romping home to an enormous landslide election victory in 2019. Johnson was forced to resign from office on July 7 after a string of scandals made his position untenable. His downfall followed months of revelations over parties held in 10 Downing Street while the country was under Covid lockdown restrictions. Johnson himself was fined by the police, making him the first prime minister in history found to have broken the law in office. Boris Johnson’s been stripped of power, but Britain’s PM could be plotting a comeback However, Johnson rode out the “Partygate” scandal.
It was only when Chris Pincher, his deputy chief whip responsible for party discipline, was accused of sexually assaulting two men at a party, and Johnson delayed in acting over the matter, that his own party finally turned on him. It is not yet known whether Johnson will remain in politics. He may still be forced to resign as a Member of Parliament after a House of Commons committee gives its verdict on whether or not Johnson knowingly misled Parliament when he claimed no rules were broken in Downing Street. Regardless, Johnson is likely to remain a high-profile figure. There is a good chance he will return to his former media career as a columnist and broadcaster, though the damage to his reputation in office might mean his appeal is limited compared to where it stood before he entered Downing Street. Throughout the campaign, Truss has been seen by most as the Johnson continuity candidate and enjoyed the backing of many of his loyalists. While this support has helped Truss during the leadership contest with Conservative members who saw her rival Sunak as a traitor, and who value tribal loyalty, it means she will be forever tied to the Johnson legacy. That could ultimately become a weight around her neck, as the specter of Johnson risks overshadowing anything Truss might do to tackle the misery that many Britons are set to face this winter. . PAID CONTENT ‘Shocking admission’: Attorney on Trump’s social media reaction to FBI photo Politics Opinion: Don’t wake the nuclear giant on our doorstep The Obamas have closed on this amazing deal. Mansion Global America’s Most Expensive Megamansion – This Home Is Truly Remarkable A giant space tarantula has
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