Will the UK return to the European Union if the British economy really collapses? “Possible if Truss is voted out.”

The pound has collapsed like plum pudding. And it looks like Liz Truss doesn't have an answer for that anytime soon. Truss wants to regulate the economy through tax cuts, but only the rich benefit from that.

The UK was already dealing with very high inflation and a devaluation of the pound. Added to this are the recent economic plans of the new Prime Minister, Liz Truss.

Not a good start for Truss

Correspondent Leah van Beechoven says the average Briton is angry. The announced historic tax cuts of at least 45 billion euros are receiving severe criticism. “This amount has not been calculated,” says Van Beechoven. “So it is not known how this money will be recovered.”

Van Beechoven says that the richest 5% of the population will benefit from this new plan. The rich are now getting richer and the poor are getting poorer. The rich essentially keep their hands on their wallets, says writer and former correspondent Peter DeWard. “They just spend it on stocks.”

A plan from the eighties

So Truss wants to save the economy through tax cuts. “It moves away from the idea that the economy should be distributed as equally as possible,” says Fan. Truss is concerned that the benefits for the richest, the 5 percent, trickle down too slowly to the rest of the country. Beechoven. “This is a plan from the 1980s and it has not been investigated whether it will actually be implemented.”

Yesterday, the Bank of England decided to buy British government bonds “temporarily” to reduce high interest rates. This puts the new government in more trouble.

Charles on the banknote

“I predict: If the image of King Charles III appears on the banknote, the pound may no longer be worth a dollar or a euro,” says former correspondent Dee Ward.

“When Elizabeth was crowned, Great Britain still ruled the waves, and the pound sterling consisted of 20 shillings, each worth 12 pence. In the Netherlands, one pound sterling cost more than 10 guilders. In the United States, a pound sterling cost $2.80. “

Brixen?

In the UK itself, people will naturally notice the crisis. Although the crisis there in the Netherlands will be felt less than before due to Brexit, De Waard believes we will notice something. “Dutch products have become very expensive in Great Britain. For example, a lot of vegetables come from the Netherlands,” says de Waard.

“If I may speculate, my prediction is that if Truss continues to make such a mess and is voted out, her successor might want to rejoin the EU,” he says. “They also wanted to become a member in the 1970s when things went wrong.” This is a rose. “I hope that Ursula von der Leyen and Frans Timmermans will make it clear to the Britons that they should join the queue after Turkey, Moldova and Ukraine.”