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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 ...
Stagnant growth late last year means the UK economy will improve slower than previously predicted in 2025, according to new forecasts. The EY Item Club economic forecaster has become the latest ...
UK inflation plunged to its lowest level in two years in October, allowing Prime Minister Rishi Sunak to declare victory on his pledge to halve the rate of price increases this year. But his other ...
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).
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This is caused in part by a rise in inflation in both the UK and the world in general, as well as the economic impact of issues such as the COVID-19 pandemic, Russia's invasion of Ukraine and Brexit. While all in the UK are affected by rising prices, it most substantially affects low-income persons.
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The deal is forecast to add 0.08% to the UK's economy over ten years. [316] 17 July – The Illegal Migration Bill is set to become law after the House of Lords votes not to reinstate time limits on child detention and protections concerning modern slavery. [317] 18 July –