UK economic crisis

Hold me to account, says Rishi Sunak, as he promises to halve inflation, create growth 

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Hold me to account, says Rishi Sunak, as he promises to halve inflation, create growth 

Britain’s Prime Minister Rishi Sunak delivers his first major domestic speech of 2023, at Plexal, Queen Elizabeth Olympic Park in east London, on January 4, 2023. | Photo Credit: AFP Facing a country beset with problems that range from a cost of living crisis to deteriorating public services, U.K. Prime Minister Rishi Sunak promised to … Read more

Bank of England makes biggest interest rate hike in 30 years

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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