Britain's first Indian-origin Prime Minister Rishi Sunak has completed four months. Political analysts think that his performance has not been bad. In four months they have made progress, and the economy has started coming back on track. He is getting support in the business community. During matters like fines for not wearing seat belts, experts say that the time of four months is short, yet if the results are good, they will be able to assure the voters of fulfilling the promises.
aim to reduce inflation
Businessman Kundan Sharma told Bhaskar that Sunak has set targets for improving the five issues inflation, debt, economy, immigration, and health services. Political expert Matthew Davis says that Sunak suppressed the party's discord. The markets are stable, the financial crisis has been averted. Strikes, the crisis in the NHS, fall in poll ratings have critics questioning the poll performance.
improvement in economic indicators
On reducing inflation and reducing debt, Kundan Sharma says that Sunak has established economic stability. When he came, the inflation rate was the highest in 41 years at 11.1%, which has been reduced to 10.5%. Tony Decker, DG of the Confederation of British Industry, says that the PM has handled the economy after a period of turmoil.
Growth will be low this year
Equity analyst Sophie Yates says Sunak promises growth but it's been a tough year. The IMF has forecast the UK economy to shrink by 0.6% for 2023 compared to earlier. Among the G-7 developed countries, only Britain's economy is showing signs of slowing down.
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