Impact of the crisis in the UK: Trains stop operating, tens of thousands of workers strike, children eat rubber Britain is experiencing an economic crisis triggered by Prime Minister Liz Truss's decision last week. Initially the Bank of England raised interest rates by a relatively modest half a percentage point to tackle inflation. Less than 24 hours later, the government of the new British Prime Minister Liz Truss announced its plans for the biggest tax cut in 50 years Currently the UK is in a difficult situation because the pound sterling is at an all-time low against the US dollar. What are the effects of the crisis in the UK? Children eat rubber One of the stories of the crisis in England is that the children there are so hungry that they eat rubber or hide in the playground bec...
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