Author: Eshe Nelson
Rising Energy Prices and High Inflation: The Economic Issues Facing Liz Truss
Consumer prices in Britain are rising at their fastest pace in decades, as the inflation rate exceeds 10 percent and is expected to keep climbing.
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.
U.K. Markets Rise as Global Factors Outweigh Political Turmoil
The long-running trends of rising inflation, worsening energy security and a weakening growth outlook are overshadowing the sudden political upheaval.
Russia Appears to Miss Its Foreign Debt Payment Deadline
Economic sanctions that blocked bond payments have strengthened efforts to seal off Moscow from global markets.
British pound and stocks rise as vote on prime minister washes over markets.
Markets are moved more by global concerns, like the war in Ukraine, than by domestic political infighting.
For U.K. Companies Brexit Meant Higher Costs and Endless Forms
While the worst of the Brexit trade disruptions are over, British exports to the European Union are down and companies are frustrated.
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.