Boris Johnson staying on until October will only create more market uncertainty
(Picture: PA)Britain has barely had a functioning Government for many months now.
Over that time the pound has tanked, inflation has soared, the state of the public finances badly deteriorated, and interest rates hiked five times.
Oh, and there was the small matter of the Chancellor being fined for attending a Downing Street gathering during the pandemic and then this week - was it only two days ago? - dramatically quitting.
Much of the markets and economic woe would have happened anyway, but if ever there was a time for a firm hand on the tiller it was now. The soon to be ex-Prime minister had been due to deliver a joint speech with the possibly soon to be ex-Chancellor on economic policy next week.
If the presentation still goes ahead it will be hard to take seriously - whoever delivers it. For all the neo-Thatcherite talk of tax cuts and the growth economy there is a full blown crisis brewing that will properly explode shortly after average energy bills hit £3000 in October.
It means the markets, employers and consumers will continue to be left in the lurch about the course of economic policy just as Britain slides towards the cliff-edge of what is likely to be a nasty winter recession.
