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When the new U.K. prime minister Rishi Sunak was sworn in yesterday – ending weeks of political and economic turmoil – he spoke about the crisis facing the country’s economy. Indeed, Sunak is now leading Great Britain through very different economic conditions to those in place before he resigned from ex-ex-prime minister Boris Johnson’s government just a few months ago.
A heady mix of pandemic-era spending, Brexit troubles and September’s “mini-budget” madness have caused international investor confidence in the U.K. to drop precipitously in recent weeks. Leeds University’s Muhammad Ali Nasir explains the country’s current position and how this is changing from a global perspective.
And the U.K. isn’t the only country in such dire straits. As Patrick Shea of the University of Glasgow points out, many others around the world are drifting towards a debt crisis right now. He says the global community must work together to stop an economic spiral that could create even more political turmoil.
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Patrick E. Shea, University of Glasgow
Debt is becoming unaffordable.
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Business
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Rehana Cassim, University of South Africa
Companies must strengthen their boards if they want to survive these uncertain times.
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Philanthropy
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Beth Gazley, Indiana University
Their primary obligations consist of three duties: care, loyalty and obedience.
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Technology
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Anne C. Witt, EDHEC Business School
While the EU’s ground-breaking legislation to regulate “digital gatekeepers” has its flaws, it could rein in big tech and significantly change how it operates in Europe – and perhaps the world.
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Workers
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Stephen Bevan, Lancaster University
More than half of cancer survivors have to give up work, and employers are partly to blame.
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