The Chancellor crying in the Commons. The Prime Minister ploughing on oblivious. Baying backbenchers, wobbly gilts, and a skittish pound. Our neighbour is in trouble again. It’s time for the Prime Minister to tell the truth. Of course, the problem is deep-rooted. Victorious if weakened in 1945, the UK still possessed an extensive empire, formidable armed forces, and a globally significant currency. It was also a permanent member of the UN Security Council and a major presence across Asia, Africa, and the Middle East. But challengingly, the next two decades were dominated by imperial loss, shrinking influence, and growing uncertainty,…
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