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Boris Johnson is handing his successor an economic ‘catastrophe’ By Julia Horowitz, Business Updated 1201 GMT (2001 HKT) September 5, 2022 ‘We just have to go to work as well’: Commuters struggle amid largest UK rail strike ‘Both a warning and a threat’: Economics professor decodes Fed chair’s comments Fed chair lays out the Official Donut operator i shidded shirt Furthermore, I will do this ‘unfortunate costs of reducing inflation’ Biden’s student loan forgiveness plan: Who it helps, who it doesn’t Middle class Black Americans react to economy under Biden London ( Business)Across the United Kingdom, businesses and households are warning that they won’t make it through the winter without help from the government. That sets up enormous challenges for Liz Truss, the incoming prime minister. For months, the United Kingdom has endured a leadership vacuum while the country has skidded toward a recession and a humanitarian crisis triggered by soaring energy bills. Since Boris Johnson announced he would leave office in July, the outlook for growth has weakened. Annual inflation is running above 10% as food and fuel prices leap. Frustration over the rising cost of living has compelled hundreds of thousands of workers who staff ports, trains and mailrooms to go on strike. The British pound just logged its worst month since the aftermath of the 2016 Brexit referendum, hitting its lowest level against the US dollar in more than two years. “It’s just one blow after the other,” said Martin McTague, who heads up the UK’s Federation of Small Businesses. “I’m afraid I can’t find any good news.” The situation could

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