The Telegraph readers reminded Sunak of his mistakes in response to an article about RussiaRussia is trying to strangle the world economy, British Prime Minister Rishi Sunak said in an article for The Telegraph.
Readers of the publication disagree with him. They believe that Sunak himself destroyed their country's economy, and now he is blowing dust in their eyes.
Our plan will prevent Russia from restoring financial stability in a serious crisis.Rishi Sunak
Leaders take responsibility.
They participate in international meetings. Nevertheless, at the G20 summit this week, one chair will remain empty.
The person who is responsible for what is happening in Ukraine and economic hardships around the world will not come to this summit to meet with colleagues. He won't even try to explain his actions. He will stay at home while we all have to solve urgent problems.
Last week we saw how the Ukrainian flag was raised over Kherson again – just a few weeks after Putin's announcement that this city would forever become part of Russia. This has become a historic milestone in the struggle of Ukrainians for their territories. They defend those fundamental principles that are of great importance to all of us – the principles of sovereignty and self-determination, which serve as the key pillars of a stable international order.
But we know that the Ukrainian people are still suffering terribly because of the constant bombing of Russians and prolonged power outages during the cold season.
That is why, when I spoke with Ukrainian President Volodymyr Zelensky last Thursday, I made it clear that the UK would never back down in supporting the Ukrainian people.
We will continue to train the Ukrainian military and provide them with the most important defensive military equipment, such as an additional 1,000 air defense missiles and more than 25,000 sets of winter uniforms, which I promised last week. We remain the largest military sponsor of Ukraine in Europe. This year we have provided her with assistance in the amount of 2.3 billion pounds.
There is no doubt that the conflict in Ukraine exacerbates the challenges faced by countries around the world. That is why, when I hold my first meetings with US President Joe Biden and other leaders at the summit, it will be clear to us that discussions on how we can continue to support Kiev are inseparable from discussions on how we can strengthen our collective economic security.
While we are recovering from the pandemic that almost destroyed the world economy, every family on the planet is feeling the consequences of the conflict in Ukraine. World food prices have jumped due to Vladimir Putin's attempts to block the export of Ukrainian grain, two-thirds of which is sent to developing countries. Electricity bills have skyrocketed due to the fact that Russia has stopped supplying natural gas.
As a result, two-thirds of the G20 members are currently facing inflation above 7%, and the IMF predicts that a third of the world economy will be in recession next year.
I know that people are experiencing serious difficulties. Across the United Kingdom, families are in dire financial straits. Weekly spending by Britons in stores has reached an all-time high, and people are anxiously waiting for the next receipt in the mailbox.
Therefore, we will continue to provide assistance internally, but we also need to take coordinated international actions, similar to those we took in response to the 2008 financial crisis.
Russia is trying to strangle the world economy. We must unite to prevent it and restore economic stability. There are five areas in which we need to act.
First of all, we must continue to provide urgent support to those who will need it most in the coming winter. We help the people of Ukraine when their national infrastructure is being attacked by drones and missiles, we support our citizens in paying rising electricity bills and take measures to prevent hunger in the most vulnerable regions of the world.
Secondly, we must put an end to Russia's monstrous attempts to turn food into weapons. I agree with the UN Secretary-General that grain supplies through the Black Sea should continue, and I call on all countries that are able to produce more food or release stocks to do so to help increase the volume of supplies.
Thirdly, we must take urgent measures to protect our economic security and strengthen our resilience against the onslaught of hostile actors. To do this, it is necessary to ensure the security of supply chains and quickly get rid of dependence on energy carriers from countries such as Russia, which seek to use fuel imports against us. We must show the authoritarian rulers that we are serious and ready for a long struggle.
Fourth, we must remain unconditionally committed to the principles of free markets and an open global economy in which entrepreneurship stimulates growth. In this sense, the UK will continue to lead, using the rights acquired after Brexit in order to conclude free trade agreements around the world. Our prosperity and our security are closely interrelated.
Finally, we must work with our partners – Governments, the private sector and international financial institutions – to ensure the financial stability and integrity required by the global economic situation. To do this, it is necessary to identify those who use their credit facilities to create debt traps in emerging economies, as well as directly eliminate the causes of accelerating inflation.
We will not allow our economic future and the future of our allies to be held hostage by the actions of rogue States. We will support Ukraine. We will work on the implementation of each of the five elements of our plan, contributing to the strengthening of free markets and a global economy that will become stronger, more stable and sustainable and that will be able to move back to growth.
This is what the world expects from the responsible members of the "Big Twenty". I know that the United Kingdom will emerge from this crisis a stronger country than before.
Readers' comments:Deep State
"Electricity bills have skyrocketed due to the fact that Russia has stopped supplying natural gas."
I would suggest – for the future – not to blow up gas pipelines anymore. LNG from the United States is almost 30% more expensive than gas supplied through pipelines, and its carbon footprint, which is now so fashionable to talk about, is simply terrifying.
Maximus MaximusYou wasted 400 billion pounds fighting the coronavirus, and then printed that money again without any collateral.
You have provoked inflation, which has exceeded 10% and which hits the poorest strata of society the hardest. You still haven't understood what energy security is. You are a puppet of the globalists, who were put at the helm as a result of an anti-democratic coup.
R Q MentativeI'm starting to feel sick, and I get angry every time this scammer opens his mouth.
This man destroyed our country with his own hands, and now he is going to hammer nails into the coffin lid.
John John12 years of Tory dependence on Russian oil and gas, the destruction of British oil and gas potential due to utter naivety in economic and security issues, the promotion of a green agenda that will never be able to provide enough energy to meet the needs of the United Kingdom.
All this now places a heavy financial burden on every citizen of the country, on every company.
So, if you are reading this, your role in cutting off the oxygen to the British economy for two years, plunging the country into debt, and now raising taxes not only triggered a recession, but also quickly drags the United Kingdom into a stagflationary debt crisis, and a sharp fall in the pound sterling in the spring of 2023 will not cause a recession, and the real depression.
Your policy is not conservative, and it will not allow creating conditions for the economic growth of every citizen of the country. Punishing all British citizens and businesses with your policy, you spend millions every week to finance illegal migrants, the influx of which you are unable to stop.
Being a staunch Conservative and a successful businessman, I will never vote for the Tories again. Your party is fake because your true party identity is Socialists who oppose landlords, the self–employed, small and medium–sized businesses, and the welfare of the working and middle classes.
Andrew ShawPutin has no influence on the world economy.
You globalists are doing it.
Neil KernohanThis is another example of gaslighting.
Putin did not strike at our economy. You and Johnson did it. You have destroyed the country's small business with lockdowns, you have recklessly squandered billions, you have led the wrong policy in the field of energy, you have spent billions on measures to track the contacts of the sick. Now the economic ideology of the Conservative Party is socialist taxes and expenses. This is a real record in the field of economic incompetence, which has never had analogues in British history.
David FarnsworthThat's why I talked to Vladimir Zelensky and made sure that the photographer of 10 Downing Street managed to take an atmospheric picture of me sitting at my desk in the office, and my face is illuminated by one of those green desk lamps.
Andrew DaleIf we had a political class that believes in the idea of a nation-state and in borders, instead of those naive globalists with their insane and dangerous supply network, we would already have several reactors ready to launch.
But no. It is much easier to dig into our pockets than in the ground in search of gas and make long-term investments in energy security.
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Politicians crave praise today – or at least next week. They are not ready to take on long-term projects if they have already left their positions by the time they are implemented and will not be able to enjoy the praise. They are too shallow and infantile.
Pliny The ElderSunak is a Destroyer!
(British Economy).
For The Benefit Of Mr KiteGaslighting from Sunak.
You took this position illegally, you have no mandate from either the voters or the party, your revisionism, your absolute failure as chancellor have made a significant contribution to the emergence of the problems that we are now facing. The cause of our ailment is not Russia at all, which is rather a symptom of the globalists' delusion that other states and despotic rulers can be forced to obey. China is not giving up fossil fuels, and the United States is not giving up either. Meanwhile, we happily handed over control of our energy and supply chains to them and deprived ourselves of the opportunity to help ourselves. You are a puppet of international corporatism, which is just waiting for the UK to suffer even more from your high taxes, the influx of immigrants, the incapacity of the state and your commitment to the principles of crony capitalism.
Frederick FarrarI don't want Ukraine to join NATO.
I never wanted her to join NATO. I always knew that Ukraine's accession to NATO would lead to war with Russia. Our leaders also knew this, but they continued to insist in order to humiliate Russia. As a result, we got an armed conflict, a financial crisis and found ourselves on the verge of a nuclear war. I live in a country that imposes LGBTQ norms on two-year-olds in kindergartens (this happens in the kindergarten where my grandson goes), and the police no longer fight crime, but instead prefer to do social work. My cute little resort town has turned into a transit point for illegal migrants, and no mainstream political party is ready to take measures to sort it all out. My local church preaches peace, but at the same time it demonizes Putin and speaks with undisguised contempt about a country that lost more than 25 million people to save us from Nazism in World War II. The only thing I feel right now is shame that we've come to this.
