The UK Is Looking Ahead To Enter Into The Recession And Maybe They Will Spending A long time there then Europe

Governer of the bank of England had states that Britain is likely to enter into a recession due to Inflation it may be more severe

The Value Of One British Pound Is Equal To $1.03 Dollars

The Current Inflation Rate Is At %10 Per Cent Annuel Which Bank of England Has Warned To Make Sure To Slow It Down

Since The Goverment Of Truss Has Came
It Hasn’t Been Good For UK

The UK Pound Is Bound To Be Damaged More Then The Turkish lira was

Rishi Sunak Who Is A Great Economist Man And Was A Part Of Election Has Warned About The Economic Downfall Of Uk

What Liz Truss Has Proposed A Idea Is
To Cut down the taxes of rich people or also known as corporate tax
Which they don’t spend but save it

British Has Nearly 80 Billion Dollars By The End Of August

The Main Reason Why Pound Is Falling Is Because Of Tax Cuts
Or Also Known As Trickle Down Economics

Let’s Understand This With An Example
Let’s Say A Country Name SepratX Exist
And It Has 10 Billionaires ,1000 middle class people
100000 Poor People
With tax cut of billionair they will have additional cash
Which they would think they can spend it on new industrial areas or set up new factories
Which would lead to new jobs

The Major Demorit Of This Strategy Is The Human Greed
People Just Want To Hoard Eveyething Theh See
And refering it with the billionaires
With the help of internet and globalization
It’s been very easy to hide their capital

Many people set up their companies in countries where they have to pay no tax and then all of the capital is transferred to those companies which results in no tax to be paid

In Trickle Down Economics The Goverment Trusts Their Business Man To Support them but in this era you just cannot do it
And this Economists and analysis Belive England will have to announce A Bankruptcy And Go To The IMF

The Other Reasons Are
Ukraine Russian War
Energy Being Expensive
All time high unemployment rate
Inflation rate at all time high

With these factors contributing
You cannot go with a trickle down economics strategy as we belive

We will need to see what happens in the future but for now it isn’t looking good for them