Defence spending
Adhering to the spending review for 2021, the Ministry of Defence budget will increase in cash terms from £47.9bn this year to £48bn in 2023 and then to £48.6bn in 2024.
Meanwhile, CPI inflation is expected to ris...
Liz Truss won't give an explanation
British Prime Minister Liz Truss has refused a demand from the opposition to make a statement on her decision to sack finance minister Kwasi Kwarteng and make a near 180-degree U-turn on her plans to cut...
Key rate
The Bank of England intends to resort to a more radical than planned key rate hike in response to the current difficult situation in the UK economy. The regulator's governor Andrew John Bailey said this, according to Sky News television on ...
Pound exchange rate
The British pound lost 1.5% of its value against the dollar on Friday on news of the dismissal of the kingdom's Finance Minister Kwasi Kwarteng. According to The Daily Telegraph, £1 now fetches $1.12, compared to $1.135 in ...
Job Rating
Mary Elizabeth Truss's job approval rating has fallen to a record low among all British prime ministers. This was reported by The Guardian on October 9, citing an Opinium poll.
Only 16% of the voters support the work of the politician.
...
UK tax rate
The government of new British Prime Minister Liz Truss has abandoned plans to cut the kingdom's maximum income tax rate from 45% to 40%. The announcement was made on Monday by the country's finance minister,...
Experts say
The Bank of England could hold an emergency meeting of its Monetary Policy Committee and resort to a more aggressive increase in the benchmark interest rate if sterling continues to fall at the same rapid pace as it has this week. The Ob...
Taxes in UK
The government of Liz Truss, who took over as prime minister of Great Britain on 6 September, is cutting taxes in the kingdom in order to stimulate economic growth. It was announced Friday morning in the House of Commons of the British P...
Plan for winter
The rolling blackouts could affect up to 6 million British households from December if the crisis in the European energy market continues to deepen.
As The Times points out, such a situation could arise if the conflic...
Sale deal
British authorities will examine the acquisition of Newport Wafer Fab, which owns the kingdom's largest microchip manufacturing facility, by Chinese entrepreneurs.
According to Alfred Kwasi Addo Kwarteng, Britain's minister for business, ...
Can Matt Hancock survive? The Health Secretary has conceded that he broke lockdown regulations while having an affair with his aide, Gina Colangelo. But the Prime Minister’s spokesperson has said that Boris Johnson has accepted the apology and ...
Companies rating
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ENGLAND NEWS
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