Days of chaos in Great Britain

Is she still there? Or has she already left? It is, how could it be otherwise these days, about the British Prime Minister Liz Truss. What can be said with certainty, however, is that for some time now, politics in the United Kingdom has been making an impression that can only be described as "wild as a bird", even in a benevolent assessment. While at least fans of reality shows are currently getting their money's worth from what is going on in Westminster and at 10 Downing Street, for anyone else interested in the political scene, the main players in British politics are nothing but a picture of horror.

The political philosophy of "trussonomics", which was developed as their trademark, has failed with a bang. Yet the economic goals Liz Truss had set for herself were quite comprehensible and by no means revolutionary. She made it clear at an early stage that she wanted to reduce the burden on private households with an energy price cap and that she also wanted to improve the competitiveness of the British economy through strong tax cuts. These are not in themsevles objectionable ideas. The problem, however, was that the question of how to finance this package, which would lead to less revenue and more spending, was left completely open. It probably hoped that its proposals would more or less finance themselves, freely according to the motto "more growth provides even more revenue". That this assumption based on the principle of hope does not work in reality, however, is something that students of economics learn today in their first semester.

"I'm a fighter, not a shirker!" was her last comment. But now Liz Truss has announced her resignation after all. Will this really end the chaos in Britain? Who knows, maybe there will be a reunion with Boris Johnson. Then the political show could go into the next round...In any case, investors should give British investments a wide berth for the time being.