Tag: uk economy

U.K. Inflation rises further above Bank of England’s target in November

December 18, 2024 admin

As inflation rates have fallen from multidecade highs, the central banks have started cutting interest rates. File (representational image) | Photo Credit: Reuters Inflation in the U.K. has risen to its highest level since March, driven by an increase in fuel prices last month, official figures showed on Wednesday (December 18, 2024). The Office for…

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U.K. Elections 2023: Britons vote, as Labour projected to oust Rishi Sunak’s government

July 4, 2024 admin

Britain’s Prime Minister Rishi Sunak and opposition Labour Party leader Keir Starmer, left, take part in the BBC’s Prime Ministerial Debate, in Nottingham, England, Wednesday June 26, 2024. | Photo Credit: AP Millions went to the polls in the U.K. on Thursday, to vote for 650 MPs in the House of Commons, with the Labour…

World

U.K. Elections 2024: Labour Party projected to oust Rishi Sunak government

July 4, 2024 admin

Britain’s Prime Minister Rishi Sunak and opposition Labour Party leader Keir Starmer, left, take part in the BBC’s Prime Ministerial Debate, in Nottingham, England, on June 26, 2024. | Photo Credit: AP Millions went to the polls in the U.K. on Thursday, to vote for 650 MPs in the House of Commons, with the Labour…

World

U.K. economy slides into recession ahead of election

February 15, 2024 admin

Representational image of people walking past the Bank of England in the City of London financial district in London, Britain | Photo Credit: Reuters The U.K. economy slipped into a “technical” recession in 2023, with the final quarter for last year showing a decline in GDP of 0.3%, on the back of a 0.1% decline…

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