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
The Bank of England has raised UK interest rates by 0.5 percentage points to 2.25 per cent in an attempt to combat soaring inflation amid the cost of living crisis, the media reported. That’s the seventh consecutive increase in Bank Rate in a row, but a smaller rise than many investors had expected, The Guardian … Read more
British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi Sunak is under pressure to ease in a budget update later on Wednesday. The Office for National Statistics said consumer prices rose by 6.2% in February after a 5.5% … Read more