The Wall Street JournalThe Wall Street Journal

Liz Truss’s inheritance: A U.K. economy on its knees

By Max Colchester

05 Sep 2022 · 8 min read

Liz Truss is becoming prime minister in the midst of a perfect economic storm—soaring inflation, labor shortages, and a faltering pound. The WSJ reports on the dire challenges she faces.

Curated by informed

LONDON—Britain’s new Prime Minister, Liz Truss, will face the most daunting economic outlook for an incoming British leader since her political hero, Margaret Thatcher, became the U.K.’s first female prime minister in 1979.

Britain’s slowing economy is poised to enter recession, inflation is at its highest rate in decades and households are facing crippling energy bills from the war in Ukraine.

The news, curated.

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