MOSCOW, 17 Nov. The UK is losing its status as an influential country due to economic turmoil in the United Kingdom, writes Bloomberg columnist Alan Crawford.
According to the author, Foggy Albion will soon have to raise taxes and cut spending, as the state's financial outlook is very bleak.
As the columnist noted, an important conclusion can be drawn from the last G20 summit in Bali: other centers of power have appeared on the planet that London will have to take into account.
"The new reality is a multipolar world that will not wait for the UK to solve its financial problems or correct a failed political course,» Crawford summed up.
Earlier, The Telegraph columnist Allister Heath also wrote about the «destruction» of the United Kingdoms because of the «zombie economy» based not on the production of real goods and services. According to the columnist, economic activity in the country rests on the increase in the value of assets and fake growth fueled by debt. He clarified that if the new government fails to reconstruct the state and set it up to produce more real consumer goods, then the UK is threatened with the collapse of its vicious economic system.
After the start of the Russian military special operation in Ukraine, Western countries stepped up sanctions pressure on Moscow, but this provoked an increase in fuel prices and record inflation in the US and Europe themselves. As President Vladimir Putin has pointed out, the policy of containing and weakening Russia is a long-term strategy for the West, but the sanctions have dealt a severe blow to the entire global economy. According to him, the main goal of the United States and its allies is to worsen the lives of millions of people.