The Reason Behind Lizz Truss’ Resignation: UK's economic crisis Explained in simple words

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VIDEO INTRODUCTION: The united kingdom is witnessing one of the worst economic crises in its history!! and the Russian gas cuts have triggered such a catastrophe for the UK economy that now inflation has touched a 40-year high at 9.9%, energy bills have shot up by almost 100% in spite of capping and most importantly, the pound has become one of the worst performing currencies, with its value dropping by 24 % against the dollar!! On top of that, the newly elected prime minister has come up with something called the Mini budget that further triggered a disaster such that, its now snowballing from an energy crisis, into a debt crisis, into a housing crisis, into a currency crisis and may be even a banking crisis!! 
The question, is what is so terribly wrong about the Uk that its economy has turned into such a disaster?
How is this mini-budget triggering an economic catastrophe?
and most importantly, as students of business what are the study materials to help you understand this economic crisis in the united kingdom?

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✅Study Materials:

https://twitter.com/anshgupta64/status/1576044254375251968?s=21&t=toAiuoGA7AsIbzEhQ5BEeA

https://www.youtube.com/watch?v=IBbz8sjVz6I&t=743s

https://www.niesr.ac.uk/wp-content/uploads/2022/09/A-Variable-Energy-Price-Cap.pdf

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1105989/CCS207_CCS0822746402-001_SECURE_HMT_Autumn_Statement_2022_BOOK_Web_Accessible.pdf

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#indiaovertakesUNITEDKINGDOM #uk #recession
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