In case you are wondering why we have had such a disastrous start to Baby Liz's premiership, consider her chancellor and his qualification.
He read classics and history at Trinity College, Cambridge, achieving a first - basically Greek and Roman history
He was a Kennedy Scholar for a year at Harvard University,[11][15] and then earned a PhD in economic history from the University of Cambridge in 2000, with a thesis titled Political thought of the recoinage crisis of 1695–7
So, this is he expertise and he has been put in charge of the economy.
An interesting conversation I've had with an economist friend about the situation we find ourselves in. He claimed that the Swine party is resigned to losing the next election and is on what is known in military as scorched earth policy so when Labour gets into power, in order to fix the economic problems will have to make unpopular decisions which will turn the working class against the very party which has their interest.
This did happen in 1974 when Labour won the election. They inherited one hell of an economic mess and as it that was not enough, we also had oil go up from 3 dollars a barrel to 33 dollars a barbell. Add to that the government invested heavily to drill in the North Sea and the Swinr came to power and sold it all to their buddies on the cheap.