'The UK economy is expected to stagnate next year, with zero growth in 2023 — the worst-expected performance in the G7,' writes Anna Cooban | Analysis
Rishi Sunak and Liz Truss, two politicians for the country's Conservative Party, are in the final running to replace Boris Johnson after his resignation earlier this month — and face an uphill struggle to revive an economy battling record inflation, anemic growth and labor shortages. Starting last year, soaring energy prices and supply chain snarls have fueled global inflation as the world's economies emerged from their pandemic lockdowns.
She has not laid out any plans to rein in public spending to compensate for a drop in tax receipts. It's an appealing message for the millions struggling to make ends meet, but her critics say the moves would further fuel inflation and increase public debt, which is on track to hit £100 billion this year. In June, inflation pushed up public debt interest payments to the highest level since the government started keeping records 25 years ago.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Irvin strikes out eight, Laureano and Brown homer in A’s victory over RangersIrvin strikes out eight, Laureano and Brown homer twice in A’s victory over Rangers
Lire la suite »
Dallas city manager lays out 100-day plan to better address city issuesDallas City Manager T.C. Broadnax is pledging to curb long building permit delays, come up with more ways to address homelessness and be more visible to residents in the next 100 days.
Lire la suite »
A’s Montas showing positive signs, will make his next scheduled startA’s manager expects Montas to pitch at some point next week.
Lire la suite »
Trump’s Authoritarian Plans for a Second Term Should Scare the Crap Out of YouTrump is already laying the groundwork for a terrifying second term—which reportedly includes purging thousands of government employees and replacing them with people who let him get away with whatever he wants.
Lire la suite »