The International Monetary Fund (IMF) has stated that it does not expect the United Kingdom to enter a recession this year. It added in an update to prior predictions, “Buoyed by resilient demand in the context of declining energy prices, the UK economy is expected to avoid recession and maintain positive growth in 2023.” However, … Read more
The Bank of England raised its base rate to 4.5 percent, warning that inflation will decline more slowly than originally anticipated. The central bank has raised interest rates for the 12th time in a row in an effort to slow price increases. The Bank of England has set an inflation target of 2%, yet it … Read more
Ministers are exploring big changes to an EU-era statute in order to save businesses £1 billion per year while capitalising on Brexit liberties. The Working Time Directive requires most workers to work an average of 48 hours each week, including overtime. The Telegraph says the Department for Business and Trade is considering eliminating the obligation … Read more
Britons can receive £6,000 in home improvement subsidies if they replace their antiquated heating systems with a greener one. The government’s boiler upgrade scheme gives financial assistance to the British people in replacing outdated gas, electric and oil heating systems, which increase carbon emissions, with heat pumps that use fewer fossil fuels. In addition, the … Read more
A new trade analysis has debunked the assumption that a post-pandemic drop in exports can be blamed on Brexit. Lower export data have been used by pro-remain commentators to suggest that the UK would be better off in the EU. However, experts at the Centre for Brexit Policy argue that this ignores global issues such … Read more
Britain has provided China about £400 million in foreign aid since 2010, according to recent analysis. According to figures from the House of Commons Library, the UK government has continued to send financial aid to the communist regime despite having the world’s second greatest GDP (nearly $19 trillion). Ministers, backbenchers, and campaign groups have repeatedly … Read more
India’s population is predicted to surpass China’s by the end of the year, ushering in a fundamental shift in the world order, with 1.429 billion people expected by the end of the year. According to the United Nations, India’s burgeoning population will likely keep its economy growing as it plays a larger role in global … Read more
Despite its latest agreement with the EU, the United Kingdom has signalled that it will not be bullied by the EU, as the government prepares to invest nearly £15 billion in Britain rather than Brussels. The government has unveiled plans for an alternative to Horizon Europe, which would assist the UK in funding science investment. … Read more
A former trade adviser has warned that Brexit cannot be reversed as Britain becomes the first country to join an Indo-Pacific trade bloc. Brexit supporter Shanker Singham, CEO of Competere and an academic fellow at the Institute of Economic Affairs, called the trade agreement a “huge event” for the UK and a “triumph” for negotiators. … Read more
The Bank of England Governor Andrew Bailey warned MPs today that the country is in a “period of very heightened tension and alertness.” The failures of Credit Suisse, Silicon Valley Bank, and Signature Bank in the last two weeks have raised widespread fears of a financial crisis. But, in appearing before the Treasury Select Committee … Read more