Queen Elizabeth II's Death Marks New Era, Beset by Uncertainty
With the death of Queen Elizabeth II, the U.K. enters a period of economic uncertainty and declining national unity. In the 70-year reign of the monarch (the U.K.'s longest-reigning), the U.K. saw the aftermath of WWII, the winding down of its empire, Brexit, and the COVID-19 pandemic. On the news, no government announcements will be in the country until after her funeral, and the Bank of England has postponed its monetary policy meeting. Coincidentally, the lapse in normality occurs just days after the U.K. installed a new prime minister, Liz Truss. Truss inherits an economy torn by rising energy and living costs, and it's safe to say this has helped the Royal Family's public perception either.