In the United Kingdom, newly-elected Prime Minister Liz Truss's plan to help businesses and households afford their rising energy bills could somewhat mitigate the cost of living crisis in the country, but it will come at a large financial cost for the U.K. government. While the energy crisis will be Truss's immediate priority, Brexit-related disputes are also likely to re-emerge in the coming weeks. On Sept. 6, Queen Elizabeth II formally appointed former Foreign Secretary Liz Truss as U.K. Prime Minister. Truss is taking over the British government at a challenging time, as the country battles a worsening cost of living crisis driven by soaring energy prices. Inflation is above 10 % (a 40-year high) and is expected to continue rising, and the U.K. economy is expected to enter a recession in the coming months. Since the start of the year, the Bank of England has implemented six interest rate...
