Annual inflation is around its highest level in decades, devaluing salaries and devouring savings less than a year before President Recep Tayyip Erdogan runs for re-election.
Tag: Inflation (Economics)
How the ‘Price Cap’ on Russian Oil Works
The plan to curb Moscow’s oil revenues relies heavily on European shipping and insurance companies, but experts point to major loopholes.
Inflation in Eurozone Slows as Energy Prices Ease, but Officials Remain Wary
Consumer prices rose at an annual rate of 10 percent in November, down from 10.6 percent a month earlier, the first moderation in 18 months.
Meet the Man on a Mission to Expose Sneaky Price Increases
Edgar Dworsky has become the go-to expert on “shrinkflation,” when products or packaging are manipulated so people get less for their money.
UK Starts to Look at Brexit With ‘Bregret’
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.
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.