UK Treasury chief says Russia is responsible for UK recession
[ad_1]
The new British finance minister Jeremy Hunt believes that in order to stabilize the economic situation in the kingdom, it is necessary to “take inflation under control.” In his opinion, the country lacks stability due to the introduction of Russian troops into Ukraine.
“This is a “made in Russia” recession, and we need to restore stability as a first step towards growth,” Mr. Hunt said. The Sunday Times.
The Treasury Secretary agrees with the Bank of England’s forecast that the recession will last two years, the longest recession in 100 years of records. In his opinion, the probability of this is “very high.” Mr. Hans believes that it is necessary to make sure that the fall was small and as short as possible.
Jeremy Hunt warned that he was going to make unpopular decisions. According to him, “people with the broadest shoulders will carry the heaviest burden.” “I am Scrooge, who is going to make sure that Christmas is never canceled,” the minister added.
UK GDP in the third quarter fell by 0.2%. Officially, the kingdom will enter a recession in the event of an economic downturn in the fourth quarter. Annual inflation in the UK exceeds 10%.
On the political situation in the UK – in the material “Kommersant” “Conservatives figured out between their”.
[ad_2]
Source link
