Video: “Liz Truss Gambles with the UK’s Future”, John Stevens (The Federal Trust, United Kingdom)

Federal Trust Chairman John Stevens argues that the new British Prime Minister, Liz Truss, is taking a dangerous gamble with the economic future of the United Kingdom, particularly in the context of the ongoing Brexit crisis. The UK is already facing a severe energy crisis, a cost-of-living crisis, and might soon also have a full-blown financial and currency crisis on its hands. If Truss and her government are unable to borrow on the money markets the enormous sums that she is proposing, the political and economic damage inflicted on the United Kingdom will be immense.