Search results
Results from the WOW.Com Content Network
The UK was reported to be among the worst affected among the world's advanced economies. In 2021, the UK's inflation was less than that of the US, but high US inflation was not generally experienced as a cost-of-living crisis due to the stimulus cheques that had been distributed to American households. [8]
In September and October 2022, the Conservative Party government led by newly appointed prime minister Liz Truss faced a credibility crisis. It was caused by the September 2022 mini-budget and a disorganised vote in the House of Commons over a parliamentary motion to ban fracking, ultimately resulting in the loss of support of Conservative members of parliament (MPs).
The Leave campaign claimed the cost as £350m per week, [22] a figure criticised 'as 'misrepresentative' by Sir Andrew Dilnot (head of the UK Statistics Authority), [23] The net transfer of cash from the UK to the EU in 2014/15 was £8.5bn (£163m per week) after subtracting the UK's rebate and the money spent directly by the EU in the UK. [24]
Leading British economic think tanks warned Thursday that whoever wins the general election expected this year will face some very tough choices on tax and spending if they want to make sure the ...
Get breaking news and the latest headlines on business, entertainment, politics, world news, tech, sports, videos and much more from AOL
BBC News reports that Laura Saunders, the Conservative candidate for Bristol North West, has become the second Conservative candidate to face an investigation by the Gambling Commission over betting on the date of the general election. It is subsequently reported that her husband, Tony Lee, the Conservative Party's campaigns director, is also ...
The UK is going through a difficult patch. There is a cost-of-living crisis . Inflation and interest rates are very high by comparison with any period of time in the past decade.
The anticipated slump this year will be near to −10%, such significant economic decline that it could surpass the Great Frost of 1709. The economic report indicated that the unemployment rate could reach 7.5% next year with the number of people out of work peaking at around 2.6 million. GDP is expected to contract by 11.3% in 2020. [100]