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The news will come as a disappointment to Sunak, whose ruling Conservative Party is contesting two local elections in England on Thursday. ... That’s still double the Bank of England’s 2% ...
Annual UK inflation came in at 3.2% last month, a sharp slowdown from a rate above 10% about a year ago. The central bank targets a rate of 2% and expects to more or less reach it in the next few ...
UK largest business group gives downbeat forecast on economy.
The latest economic news comes as the government continues to face criticism over the more controversial elements of the Budget, including changes to inheritance tax and the winter fuel payment ...
There was some discussion about the actual size of the UK's debt after it emerged the government had changed the way debt is calculated. On 10 November, the Progressive Economy Forum , a centre-left think tank, questioned the actual size of the "black hole" and whether tax rises and austerity measures would be needed to fill it.
Britain’s economy flatlined in the first three months under the new Labour government, leaving the country on the verge of recession and forcing Rachel Reeves to once again defend her tax ...
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).
2022 United Kingdom government crisis or crises may refer to: July 2022 United Kingdom government crisis , events culminating in the resignation of Boris Johnson as prime minister October 2022 United Kingdom government crisis , events in the aftermath of the September mini-budget, culminating in the resignation of Liz Truss as prime minister