Britain finally learns who its next prime minister will be on Monday after two months of political uncertainty during which energy prices skyrocketed and tens of thousands of workers went on strike.
The governing Conservative Party plans to announce whether Foreign Secretary Liz Truss or former Treasury chief Rishi Sunak won the most votes from party members to succeed Boris Johnson as party leader and thus prime minister.
Whoever emerges victorious will inherit an economy heading into a potentially lengthy recession and will need to jump straight into tackling the cost-of-living crisis walloping the UK.
Thanks to global gas price volatility triggered by Russia’s invasion of Ukraine, the average UK household energy bill is jumping to more than 3,500 pounds ($4,000) a year – almost triple the level a year ago.
Inflation is above 10 percent for the first time since the 1980s. The government is facing increasingly urgent calls to deliver financial support to help millions pay for essential heating and …