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UK economy
World Newspapers: Britain faces wave of strikes as holidays approach
Saturday, 10 December 2022 20:52
The U.K. is set to face some of the worst strikes in at least a decade, raising fears that a “winter of discontent” will hit the country as workers push for bigger pay raises amid double-digit inflation and a gloomy economic outlook. 203
World Newspapers: Sunak faces profound economic crisis
Wednesday, 26 October 2022 20:47
The new British prime minister will lead a country that is entering a recession, with no fiscal room to reduce the shock as it battles the effects of Brexit and previous cuts.216
UK holds Rishi Sunak's inauguration ceremony on Tuesday evening
Tuesday, 25 October 2022 00:36
The British Prime Minister's Office announced in a statement that the inauguration ceremony of Rishi Sunak, the new Prime Minister of this country, will be held on Tuesday evening.
World Newspaper: UK's Truss quits after 45 stormy days
Friday, 21 October 2022 20:06
UK Prime Minister Liz Truss announced her resignation in a speech outside Downing Street after less than two months in office. 224
Boris Johnson considers running again to be British PM
Friday, 21 October 2022 01:09
Boris Johnson is believed to be considering a run for PM after Liz Truss quit after just six weeks in the job.
World newspapers: Truss takes U-turn to rescue UK economy
Monday, 17 October 2022 21:17
The new Liz Truss-led UK government on Monday made an embarrassing U-turn on its central plank of tax cuts by withdrawing a controversial policy to abolish the topmost income tax slab for the wealthiest, following market turmoil and to avert a feared rebellion within the governing Conservative Party.
UK's Hunt brings forward fiscal announcement to Monday
Monday, 17 October 2022 11:01
New British finance minister will announce tax and spending measures on Monday, two weeks earlier than previously scheduled, the finance ministry said as Hunt tries to turn around a loss of confidence in the government's fiscal plans.
British PM appoints new chancellor after firing Kwasi Kwarteng
Saturday, 15 October 2022 01:52
British Prime Minister sacked her Treasury chief and reversed course on sweeping tax cuts Friday as she tried to hang on to her job after weeks of turmoil in financial markets. She appointed Jeremy Hunt.
Pound plunge underscores stresses across markets
Monday, 26 September 2022 17:13
Sterling slumped to a record low on Monday, and a renewed selloff in British gilts pushed euro zone yields higher as the fall out from last week's fiscal statement in Britain roiled markets for a second session.
22% inflation could raise UK eyebrows next year
Wednesday, 31 August 2022 00:37
UK inflation could soar above 22% next year if energy prices continue their upward spiral, US investment bank Goldman Sachs has warned.
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