The Succession of Boris Johnson

International Economics Consulting Ltd’s CEO, Paul Baker, was interviewed for Business Magazine on UK’s leadership challenge and the impact on Mauritius.

The former Foreign Secretary Liz Truss remains the favourite compared to the former Chancellor of the Exchequer Rishi Sunak, in succeeding Boris Johnson as Prime Minister. According to Mr Baker, this leadership challenge has a remarkably small impact on the value of the Pound (compared to the Rupee or the Euro), despite the uncertainties and disruptions. He points out that the value of the Pound, however, has seen some daily volatility (jumping 2-3% on some days).

The rising costs of food, fuel, energy, transport and the effect of the war in Ukraine are already having a severe impact on the domestic market, leading to higher inflation rates. And, these global economic conditions are already having a severe impact on the Pound.

Please find the full article here.

Related News

Promoting Sustainable Development through Digital Trade a...

Publications

UK-Mauritius April 2024 Trade Updates

Publications

Rules of Origin in EU-Africa Trade

Publications

IEC Quarterly Newsletter - March 2024

IEC Quarterly

Mauritius’ Financial Crimes Commission Act 2023

IEC in the News

Mauritius and the AfCFTA Part 4: The Appeals Process in D...

IEC in the News