Bank of England makes biggest interest rate hike in 30 years

Bank of England makes biggest interest rate hike in 30 years

The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The Bank of England has announced its … Read more

Moscow bars entry to Russia for UK’s Johnson, Truss, Wallace

Moscow bars entry to Russia for UK’s Johnson, Truss, Wallace

Moscow on Saturday announced it was banning entry to Prime Minister Boris Johnson and several other top UK officials, after London imposed sanctions on Russia over its military operation in Ukraine. “This step was taken as a response to London’s unbridled information and political campaign aimed at isolating Russia internationally, creating conditions for restricting our … Read more

UK hikes virus alert level as omicron variant surges

UK hikes virus alert level as omicron variant surges

The British government raised the country’s official coronavirus threat level on Sunday, warning the rapid spread of the omicron variant had pushed the U.K. into risky territory. The chief medical officers of England, Scotland, Wales and Northern Ireland said the emergence of the highly transmissible new strain “adds additional and rapidly increasing risk to the … Read more

Boris Johnson Wants Scope to Boost Government Intervention, Rattling Brexit Talks

Boris Johnson Wants Scope to Boost Government Intervention, Rattling Brexit Talks

For decades, Britain’s Conservative Party politicians decried the European Union for its supposed aversion to free markets. Now trade negotiations that will define the future relationship between the U.K. and the EU from next year have stalled, in large part because Prime Minister Boris Johnson’s government wants the freedom to ignore EU rules limiting state … Read more