Sri Mulyani Calls The Backdrop Of The British PM Is A "Current Economic Confiscation"

Lizz Truss. (Wikimedia Commons/Simon▁dikeluarkan)

JAKARTA Minister of Finance (Menkeu) Sri Mulyani also expressed her views on the dynamics that occurred in England following the resignation of Liz Truss as prime minister (PM).

"We are all following politics in the UK, where from the start the finance minister was replaced and now the prime minister is down," he said during a press conference on the realization of the September 2022 State Budget on Friday, October 21.

According to the Minister of Finance, this condition cannot be separated from the current economic pressure factor. In fact, because of the strong pressure received, Liz Truss was only able to last 45 days at the helm of the highest leadership of King Charles' state government.

"This illustrates the turbulence that occurs both in terms of the economy and finance has caused an impact on politics," said the Minister of Finance.

He also explained that the global situation continues to be filled with continuing uncertainty and is expected to continue to peak until next year in line with soaring commodity prices.

The point is that commodity prices are still very uncertain and tend to be high because of the factors that influence them, such as geopoliticals from wars that interfere with supply and distribution sides. This makes prices very easily volatile," he said.

According to the state treasurer's records, British inflation has now flown to the level of 10.1 percent.

"This figure is expected to continue to stay at a high level for a while," he said.

As previously reported by the editors, British Prime Minister Liz Truss announced her resignation just six weeks after being sworn in. The decision is suspected to be due to the impact of an economic program that shocked the financial market and divides the Conservative Party.