The British Ministry of Finance announced that the UK economy is in a stagnation, according to media outlets.
British Prime Minister Rishi Sonak said that he acknowledged the mistakes committed and frankly talking about the difficulties we face and do not promote “fairy stories. ”
The British Prime Minister, Liz Tarras, decided to resign from her position, 6 weeks after assuming her duties.
In a speech to her, Tarras said that there will be leadership elections within a week, according to the BBC.
This comes after the chairman of the 1922 committee, Sir Graham Brady, entered the headquarters of the Downing Street to hold a crisis meeting with the Prime Minister, followed by party leader Jake Perry.
The British Prime Minister confirmed that she “will continue to perform her duties until the choice of a new leader of the Conservative Party,” saying: “I informed the king’s decision to resign from the leadership of the Conservative Party and I will continue to perform my duties until the choice of a new leader.
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Terrace, the lowest period in the position of prime minister, remained a stay in government in the history of Britain, as it lasted for only 45 days, and will remain for some time before appointing a successor to her.
The Terrace administration was severely criticized for its economic policy, which proved its inability to curb inflation and high prices, and also raised concerns about increasing public debt.
He announced the so -called miniature budget on September 23 by the then Treasury Secretary, Kawasi Kawarting, who was forced to step down last Friday after a wide wave of anger, the government later canceled the plan.
After announcing the plan, the return on British government bonds has increased for five years to its highest level since 2008, at 4. 6%, which means decreasing demand for debt bonds, and the pound has decreased to its lowest level ever at $ 1. 054..
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