Author: Eshe Nelson
Who Is Rachel Reeves, the Woman Taking the Helm of the U.K.’s Economy?
As the newly named chancellor of the Exchequer, she is taking on the tough job of boosting Britain’s productivity growth and of reviving struggling public services.
The Greens Take a Bite of Labour’s Vote Share
The left-leaning Green Party, which is particularly popular with people under 30, took seven percent of the vote and will now have four lawmakers in Parliament.
How the Labour Party Wants to Change the UK Economy
With Britain’s productivity and wages stalled for the past decade and a half, the winning party in the general election faces a tall order.
Liz Truss Caps List of High-Profile Conservative Seat Losses
Ms. Truss, who was forced out as prime minister after 49 chaotic days, lost by 630 votes in a district she previously held by more than 26,000.
European Central Bank Cuts Interest Rates for the First Time Since 2019
The quarter-point reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the Federal Reserve in the United States, where rates remain high.
U.K. Inflation Falls to 2.3%, Lowest in 3 Years
The decline, which was less than economists expected, is nearing the Bank of England’s 2 percent target.
UK Shakes Off Recession as Economy Grows Faster Than Expected
Gross domestic product increased 0.6 percent in the first quarter, after shrinking the two previous quarters.
Britain Shakes Off Recession as Economy Grows Faster Than Expected
Gross domestic product increased 0.6 percent in the first quarter, after shrinking the two previous quarters.
Europe’s Policymakers Get Ready to Lower Rates, Regardless of the Fed
European Central Bank governors are highlighting cooler inflation as a sign the bank could cut interest rates before the Federal Reserve.