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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]
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 ...
The October 2021 United Kingdom budget, officially known as the Autumn Budget and Spending Review 2021. A Stronger Economy for the British People, was a budget statement made by Chancellor of the Exchequer Rishi Sunak on 27 October 2021. [1] It was the third and final consecutive budget delivered by Sunak before his resignation in July 2022. [2]
The ONS reports that the UK economy shrank by 9.9% during 2020, its largest annual contraction since the Great Frost of 1709. [72] [73] The Supreme Court rules that oil-polluted Nigerian communities can sue Shell in English courts. [74] 14 February – COVID-19 in the UK: The number of people receiving a vaccine dose in the UK exceeds 15 ...
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 ...
A decision on donanemab has been delayed, with the regulatory agency initially planning to make a call in July, the same time it was approved for use in the U.S., the report said.
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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