🇱🇰 Sri Lanka: Can new leadership prevent the spiral into chaos? | The Stream

Al Jazeera English published this video item, entitled “🇱🇰 Sri Lanka: Can new leadership prevent the spiral into chaos? | The Stream” – below is their description.

Sri Lanka

Turmoil in Sri Lanka continues, as the deadline for President Gotabaya Rajapaksa to step down approaches, and protesters continue to occupy Sri Lanka’s presidential palace. They have threatened an island-wide strike by Thursday if both leaders have not resigned by that point. Sri Lanka‘s parliament announced it will hold a vote on July 20 to elect a new president.

This is the next chapter in Sri Lanka’s plunge towards political and economic chaos. Sri Lankans have blamed Rajapaksa for the collapse of the tourism-dependent economy which was decimated by COVID. Government finances have been crippled by mounting debt and lavish tax breaks given by the government. Foreign exchange reserves are depleted, leaving Sri Lanka unable to import fuel, forcing rations and long lines; inflation has hit more than 50 percent already.

We’ll look at the latest details of the crisis and ask what it will take to bring stability back to Sri Lanka.

Boris fallout

Eight candidates have now launched campaigns to replace recently resigned UK Prime Minister Boris Johnson. They’re contesting leadership of the ruling Conservative Party, with the winner then becoming prime minister. Johnson’s successor is due to be named September 5.

It has been several months of chaos and upheaval for the Conservative Party, last week culminating in the resignation of more than fifty ministers who quit their government posts denouncing Johnson’s character, integrity and inability to tell the truth.

This is against the backdrop of a worsening British economy facing rocketing inflation, low economic growth and an energy crunch exacerbated by the war in Ukraine. We’ll take a look at the latest news and ask what the future of British politics looks like now.

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About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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