Inflation at record levels, strikes, healthcare system on the verge of collapse: her new prime minister Britannia he must face a mountain of trials and an urgent mission to reunite him Conservative Party.

Economic and social crisis

This is Rishi Sunak’s absolute priority. Inflation exceeds 10%, which is the highest among the G7 countries. Energy prices have risen sharply, food products are following suit. The risk of a recession remains. It should also calm the markets, which were shocked by the Liz Truss government’s budget announcements in September.

Rishi Sunak “should reassure people before the onset of winter of the fear of generalized poverty and economic uncertainty,” said Anand Minon, a political scientist at King’s College London.

With purchasing power in free fall, strikes follow one after the other. The nurses will soon decide what their next steps will be. The public health system is on its knees, said Pippa Catterall, a political science professor at the University of Westminster, who fears hospitals won’t be able to survive the winter.

Earlier today, about 30 activists from the environmental group Greenpeace entered the common area of ​​the British Parliament in protest. The protesters, according to Reuters, chanted slogans urging the government to do more to cut inflated electricity bills.

In his previous bid for prime minister over the summer, Sunak insisted on fighting inflation. “But he didn’t specify how he plans to do it,” Catterall commented.

However, Danny Hewson, an analyst at AJ Bell, said that Sunak “has the market on his side” because “They hope it will stabilize the economy and the political situation.”

It is a fact that when Boris Johnson announced that he was giving up on his attempt to return to Downing Street, which meant that Sunak was the clear favourite, City breathed a sigh of relief. The yield on 30-year British bonds fell today to 3.886% from 4.06% on Friday. However, they remain much higher than at the end of 2021, when they hovered around 1%.

Sterling was flat at $1.1301 around 1600 GMT.

Sunak’s work in this area is already becoming extremely complex, according to Suzanne Streeter, an analyst at Hargreaves Lansdown.

Conservative reunion

After 12 years in office, the Conservative Party looks more divided than ever. Johnson fell in July, losing the confidence of 60 members of his government. Liz Truss was in power for only 44 days, failing to convince her colleagues.

There have been five prime ministers since 2016, all from the Conservative Party.

The majority of deputies supported Sunak’s candidacy, which strengthens his position.