Blog: Brexit And Mrs Truss – Nation World News

Monday, September 12, 2022

Last week, Conservative candidate Elizabeth Truss became Prime Minister of the United Kingdom by winning 81,326 votes in the Conservative Party elections, compared to 60,399 received by former finance minister Rishi Sunak.

Truss has served as chancellor in the Johnson government for the past year, and is the third woman to hold that position after being preceded by Margaret Thatcher and Theresa May.

A huge task awaits him. Britain is in deep trouble; Its economy is facing rising inflation, and energy costs have skyrocketed.

The Truss announced that it will focus on solving the energy crisis and plans to freeze, for 18 months, the maximum cap on energy prices that will be charged to British households.

Before their arrival, the energy regulator, the Gas and Electricity Market Office, announced that it would increase the maximum price from 1,9171 pounds (2,325 euros) to 3,549 pounds (4,202 euros) from 1 October.

In return, Mrs Truss promised not to create new taxes and to eliminate an equivalent rate of 25% on taxes for companies whose profits exceed £250,000 (288,827 euros).

But apart from the crisis, the prime minister will have to establish his position on Brexit, because as the Spanish newspaper El País points out, the United Kingdom’s departure from the European Union will limit that country’s development options in the coming years.

During the referendum that defined the fate of the process, Truss became a staunch defender of the United Kingdom’s stability in the European Union. He even wrote in The Sun newspaper that Brexit would be “a tragedy” for his country’s economy.

However, after several years, he radically changed his position when he argued that Brexit would bring more benefits than harm, as the United Kingdom had not only to establish its terms, but also in terms of migration and free movement of people. would have substantial autonomy, but also autonomy to negotiate new trade agreements with other economies.

However, I said later that his country had experienced moments of tension in its relations with the European Union, as a result of the entry into force of Brexit and that the economic repercussions resulting from exiting the European bloc are clear, since, The United Kingdom has recorded an inflation rate of 10.1%, one of the worst rates in the country for 40 years, when in February 1982, it was 10.4%.

The Truss, therefore, has maintained an ambiguous position on the issue, which has led to mixed sentiments in his election. On the one hand, there are winds of optimism, as reflected in the statement by jurist Emma Reverter, who said the public had high hopes that one of the first decisions of the new prime minister would be to reverse Brexit, if she really wanted to. To overcome this deep economic and social crisis for the country.

On the other hand, former Conservative minister Gavin Barwell expressed his dissatisfaction with the uncertainty arising from the fact that the new dignitary has not clarified whether he is for Brexit or not.

In fact, he insisted that the prime minister “is, in general terms, a continuation of Johnson, which generates distrust.”

What is certain at the moment is that the UK and the EU are in suspense and do not know what to expect about the future of Brexit.

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