The new administration’s plans are a break from the Boris Johnson era and represent a turn toward Thatcherism. The negative reaction from financial markets underscored the extent of the gamble.
Tag: Bank of England
King Charles to Replace Queen Elizabeth on Bank Notes and Coins
Queen Elizabeth II faced right on British coins. Her son and successor might face the other way.
As Soaring Prices Roil Britain, Its Leader Vacations and a Likely Successor Sidesteps the Issue
Britain is facing multiple economic shocks, from soaring energy prices to the hollowing out of the labor market by Brexit. But these issues seem disconnected from the fight to replace Boris Johnson.
Boris Johnson Leaves Behind Fraught Economy and Uneasy Brexit Legacy
Britain is in the grips of a cost-of-living crisis, and the departure of its prime minister leaves uncertainty about the government’s next moves.
New Virus Restrictions in Britain Worry Businesses
“None of it’s going to be good,” an economist warns as people are likely to retreat from some aspects of social life as Covid measures tighten.
U.K. Inflation Hits a 10-Year High
Prices rose 4.2 percent last month from a year earlier, more than double the Bank of England’s target.
The U.K.’s Economic Recovery Slowed in the Third Quarter
The economy grew 1.3 percent in the third quarter, down from 5.5 percent growth in the previous three months.
The U.K. Prepared for a Jobs Crisis, but Got the Unexpected
Instead of a surge in unemployment, businesses are struggling to fill positions, presenting a new risk to the pandemic recovery.
Inflation’s Worldwide Surge May Be a Good Sign
Inflation has surged across advanced economies. The shared experience underlines that price gains come from temporary drivers — for now.