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let s carry on with our coverage of the political crisis here in the uk as prime minister borisjohnson continues to defy calls for him to resign despite more than a0 ministers and aides walking out of government in the last 48 hours. it comes as britain faces a wall of economic challenges. among the g7 group of rich economies, uk growth is predicted to be at a standstill or even in recession next year, putting it behind canada, france and the us among others. inflation in the uk is already at a ao year high and expected to hit double figures, ten or even 11% by the year end and there s no let up in soaring household energy bills the annual bill is likely to be over 3,000 pounds a year by the autumn when the regulator lifts its cap on prices again. so the challenges are stacked up for chancellor nadim zahawi and he is widely expected to make an announcement on cutting taxes in the near future. rebuilding the economy and growing the economy is my task, and this is ....
Have to make the point it is difficult to predict in the days and weeks ahead what might happen next in uk politics and i wanted to get your take on the impact that uncertainty will have? in the impact that uncertainty will have? the impact that uncertainty will have? ., will have? in the near term the uncertainty will have? in the near term the uncertainty is will have? in the near term the uncertainty is bad will have? in the near term the uncertainty is bad because - will have? in the near term the uncertainty is bad because it i uncertainty is bad because it adds to the political and economic uncertainty, markets don t like the situation what s tailing under pressure but if you look beyond it, what you will see borisjohnson perhaps no longer prime minister, markets will view the uk is a relatively boring political environment, centre right conservative party, centre left labour party almost back to normal, much less uncertain than the us with its next election. than the us w ....
Indeed. mark lobel who to go. mark, make you very much indeed. mark lobel who has - to go. mark, make you very much indeed. mark lobel who has been| indeed. mark lobel who has been indeed. mark lobel who has been in situ outside number ten for some time. let s just take a look at how the uk papers are covering this story this morning. which is absolutely dominating. if we start with the front page of the times. they havejohnson fights for his life. they have picked a picture of him looking like he will go to battle. and it talks about how the prime minister declared he was absolutely determined to stay on, despite more than 40 ministers quitting government, and he claimed his resignation would lead to a general election, keeping the conservatives out of power for decades. so the times quotes an ally of the prime minister, saying it is an utter illusion if people think they can topple boris and think it will be happily ever after. let s now take a look at today s telegraph, which also ....
Public and call a snap election, so it may not be that boring? election, so it may not be that borin: ? ., , boring? for us in the uk it won t be boring? for us in the uk it won t be boring boring? for us in the uk it won t be boring but- boring? for us in the uk it won t be boring but from | boring? for us in the uk it i won t be boring but from the market perspective investors and companies will look to see how much the uk in a general election could lurch around an economic policy terms and i don t think we would see much of a difference in the general thrust of economic policy. both parties plan for rising government spending, rising technician, you will probably get a neutral regulatory policy so this is not the big jump from say biden to a trump. we are expecting announcements of tax cuts from an coming from the new chancellor something the new chancellor something the former chancellor was not happy with, he didn t think it was the right medicine for the uk economy, what ....