"Long live the King": What's Next for the UK Economy?

About three weeks ago, the world was startled by the passing of Queen Elizabeth II. With the British economy already battling with soaring prices and facing the fear of recession by the end of year, this subsequent period of national mourning has dealt a further blow to Britain's already fragile economy. After the previous Prime Minister Boris Johnson was linked to a series of contentious and ethical scandals, Liz Truss was chosen as the country's new prime minister just two days before Queen Elizabeth II passed away. From now on, King Charles III will have to take charge of this difficult situation as Head of State and give a sense of stability and continuity with the same presence that his mother did throughout her 70-year reign. First, let's take a look at how the UK economy is doing recently.