Stung by inflation and bracing for tax increases, the country is in the midst of its gravest slump in a generation, leading many to wonder how much the split with the European Union is to blame.
Tag: Inflation (Economics)
UK Announces Billions in Tax Increases and Spending Cuts
The government is betting that the plan will put public finances back on sound footing but acknowledges that the measures are likely to deepen the economic misery for Britons.
What to Expect From the U.K.’s Budget Proposals Today
Tax increases and spending cuts are expected as the government tries to stabilize its finances and reassure financial markets.
As U.K. Braces for Painful Budget Cuts, the Mood Is Gloomy
Swindon, west of London, has reinvented itself several times, always a rung lower on the economic ladder. Now it awaits another step down.
As U.K. Braces for Painful Budget Cuts, the Mood Is Gloomy
Swindon, west of London, has reinvented itself several times, always a rung lower on the economic ladder. Now it awaits another step down.
Your Friday Briefing: Xi and Biden to Meet
Plus cryptocurrency chaos and Ukraine’s wary advance toward Kherson.
Even as Challenges Mount, Europeans Stick by Ukraine
Inflation and anxiety over nuclear weapons may be eating into some popular support for the war, but key governments remain insulated from the pressures for now.
With Economy Reeling From Ukraine War, Egypt Secures $3 Billion I.M.F. Loan
The local currency had tumbled against the dollar, and food and energy prices soared in the wake of Russia’s February invasion of Ukraine, adding to the struggles of millions of Egyptians.
Who Are Rishi Sunak’s Top Cabinet Ministers?
The new prime minister named people with high-level experience, several of them to posts they have held before, sending a message of stability after a period of upheaval.
Rishi Sunak Is the Youngest UK Prime Minister of Modern Times
Mr. Sunak is 42 and started out in Parliament in 2015.