Downing Street revolving door – El Financiero

Written by Dr. Aribel Contreras Suarez, Degree Coordinator in Global Business, University of Ibero-America Associada Comxi, [email protected]Twitter: AribelContreras Instagram: aribeldiplomatique.

The UK is facing one of its most acute crises, as it lives its own internal battles amid global crises. We see that within the Conservative Party (PC) there are many divisions, the same is seen in the House of Commons, which has 650 members and the majority is held by the PC (357 seats) but the opposition is calling for a general election. To get the Conservatives out of Downing Street and bring the Labourers back to power.

In 2022, former Prime Minister Boris Johnson (BJ) took it upon himself to leave his country in very bad shape with the “Party Gate”, with the scandals of some members of his government and his lies to the British people. He became the master of lies by denying his participation in various quarters during the period of confinement due to the epidemic, for saying that he was not aware of the accusations against one of his collaborators as a sexual harasser and for saying yes to the European Union with the Ireland Protocol and then wanting to turn the tide. This led his leadership to be questioned at a censure proposal, which survived, but the fun was short-lived since he had to resign.

In a complex process, which takes time and requires the support of MPs from said party, since it is a constitutional monarchy based on parliamentary democracy, who will be BJ’s successor has been elected, as you can. see below.

From this process, former Finance Minister Rishi Sunak and Liz Truss remained in the final stage. She managed to get the necessary support from members of the British Parliament to become the new Prime Minister, as can be seen in the following photo.

However, her competitor expected her growth plan to be full of expectations, they made her the favorite to become the new “Iron Lady”. However, his plan, based on tax cuts without a parallel scheme for collecting, on the other hand, led to real chaos in the face of the already damaged economy. Its inflation was already at 10%, but with this project, it was baptized like aesthetics ( gear plus economics in English) by the British Journal The Economist, not only led it to the political abyss, but also led to the turmoil of the country’s economy. The following image allows you to see how the British pound reached its lowest levels in the last 22 years in a matter of weeks.

And then the diary ABC She was called from Spain the “Lady of the Mud” and gained low popularity from the population, but also from members of Parliament. So he had no choice but to announce his resignation. This generated greater instability and uncertainty, as his administration was the shortest in the history of the United Kingdom. Below, you can see how it only lasted 45 days.

So, between stumbling and stumbling, the PC was able to speed up its internal process (so it wouldn’t go through all the internal tsunami) and within days, the ex-Finance Minister, Rishi Sunak, She was able to count on the support of at least 100 MPs (created at the last minute) and thus stepped in so that BJ and other potential candidates could leave the ship to leave the way clear and prevent the “political and economic giant” of the United Kingdom not sinking.

Its challenges are enormous, but it is expected to last longer and correct the course of its political and economic coordinates.