Inflation in the United Kingdom has risen to the highest level in 30 years last month, spurred on by the spiralling costs of fuel, which saw the sharpest spike in prices since records began. According to the Office for National
Inflation in the UK has resulted in basic wages “falling noticeably” in real terms, the Office for National Statistics reported on Tuesday.
The British government has reportedly approved the sale of the UK’s largest microchip factory to a firm tied to the Chinese Communist Party.
The growing cost of living crisis in Britain has seen grocery price inflation hit its highest level in ten years.
Prime Minister Boris Johnson condemned the “callous” behavior of P&O Ferries and said the company appeared to have broken British labor laws.
The Bank of England has warned that inflation could hit 8 per cent by as early as next month as it raised interest rates on Thursday.
British wages have seen the sharpest decline in real terms since 2014 as the impact of inflation grips the nation, the ONS said on Tuesday.
The price of whole gas jumped to four times the cost in January in Britain compared to last year, contributing to the cost of living crisis.
Average British households will pay more than £1 million during their lifetime in taxes to the government, equal to eighteen years of work.
A majority of women have remained childless in Britain past their thirtieth birthday for the first time in recorded history.
Inflation has nullified increases to wages in Britain last year, with workers experiencing a decline in pay in real terms in November.
The inflation rate in Britain has hit the highest level in a decade as the cost of living has soared as a result of rising energy prices.
The UK does not have to rely on “cheap” products from China if it invests in British workers and industry, Sir Iain Duncan Smith said.
The UK is facing a “baby shortage” that could lead to economic stagnation, with fertility rates dropping to nearly half those seen after WW2.
National security concerns were raised after a report found the UK is almost exclusively reliant on China for tens of thousands of products.
Boris Johnson is set to introduce the highest tax burden on the public in 70 years, amid plans to increase National Insurance payments.
A ‘Great Reset’ of the British property market is currently underway, in which big banks are buying up houses across the country.
Brexit Britain has outpaced the entire European Union, the Middle East, and Africa in fintech investment during the first half of the year.
The United Kingdom should not “scamper down a rabbit hole” every time a new coronavirus variant emerges, said a leading science advisor to the British government, who called for a more “balanced” approach to the Chinese virus.
The coronavirus lockdown measures in Britain will be partially lifted on Monday, however, the harsh toll of the economic shutdown has resulted in nearly 10 per cent of all restaurants closing down for good. While pubs and bars have garnered
British businesses, schools, property, and critical infrastructure have reportedly been bought up by Chinese investors to the tune of £135 billion, doubling previous estimates.
Young people were hardest hit by corona restrictions that closed bars, restaurants and hotels, according to the latest government statistics.
British businesses in the hospitality sector have bucked at Prime Minster Boris Johnson’s scheme to require vaccine passports for their customers, saying that they will refuse to enforce the measures. Writing in a letter to the PM, the owners of
The pub industry has seen a rapid decline over the past year of lockdowns, with some 2,500 pubs shutting down for good in 2020.
The United Kingdom has reportedly made “rapid progress” in securing a post-Brexit trade deal with the British commonwealth nation of New Zealand, which would see British companies enjoy greater access to the market and cheaper food imports back to the UK.
The International Monetary Fund (IMF) has predicted that Brexit Britain will grow faster than the Eurozone as well as the United States by next year, despite having one of the steepest contractions of any major Western nation during the Chinese
The Chinese coronavirus pandemic and the ensuing national lockdown measures have cost the British economy some £251 billion over the past year, a report has found.
Companies in Britain have been tasking law firms to craft “no jab, no job” contracts that would bar prospective employees from being hired unless they have been vaccinated against the Chinese coronavirus.
The coronavirus lockdowns implemented by the British government will force at least a quarter of a million small businesses to shut down for good if they are not bailed out by the taxpayer, business leaders have predicted.
The United Kingdom’s economic emergency is “just beginning”, according to Chancellor of the Exchequer Rishi Sunak, who predicted that unemployment will rise by over one million in the coming months.
British businesses are facing a “hammer blow” from the government’s decision to extend lockdown restrictions, warned the former leader of the Conservative Party, Iain Duncan Smith.
Prime Minister Boris Johnson is currently considering a short-term cut to foreign aid spending amidst huge budgetary shortfalls due to the economic damage caused by the Chinese coronavirus and the ensuing lockdown restrictions. The government is drafting plans to decrease
Reform Party leader Nigel Farage warned that the UK is heading towards “mass business bankruptcies” and “massive unemployment”, while Jeff Bezos and Amazon reap the rewards of Prime Minister Boris Johnson’s second national lockdown. During the Chinese coronavirus pandemic, Amazon
Prime Minister Boris Johnson is expected to impose a second national lockdown in England next week, as government models predict a deadly second wave of the Chinese coronavirus in the winter.
At a ‘Stop the New Normal’ protest in London on Saturday, thousands of Britons demonstrated against the British government’s China virus restrictions, including one woman who claimed the lockdowns have destroyed her business. In a message to Prime Minister Boris
The British government may need to increase taxes by over £40 billion per year in order to prevent the debt accrued during the China virus lockdowns from “spiralling upwards”, the Institute for Fiscal Studies (IFS) warned in a report.
Prime Minister Boris Johnson has said that pubs, restaurants, and a selection of other British businesses will be permitted to open as of the 4th of July.
The economic fallout from the Chinese coronavirus was put in stark reality, as the British government revealed that the number of people claiming unemployment benefits in the United Kingdom rose by 856,500 during the first month of the national lockdown.
A report found that the economic fallout from the Chinese coronavirus pandemic will leave 11.7 million Britons out of work by the summer, as the Treasury warns that the national lockdown will have a permanent impact of the economy.
The United Kingdom is facing an imminent food and medicine supply crisis, a leading trade association has warned, as nearly half of the nation’s freight lorries are out of service. The Road Haulage Association (RHA) has said that the British
