The UK economy will contract more than any other G-7 nation next year, according to the latest forecasts from the Organisation for Economic Cooperation and Development (OECD). The OECD expects the UK economy to shrink by 0.4 percent in 2023 and grow by just 0.2 percent in 2024. Germany is the only other G-7 country…
UK’s Sunak Says ‘More Must Be Done’ After Climate Deal at COP27 Summit
UK Prime Minister Rishi Sunak has said that “more must be done” on climate change, after a last-minute deal was reached at the COP27 climate summit in Egypt. Officials and negotiators agreed a deal in the early hours of Nov. 20 to create a fund to “compensate” poor nations that claim to be victims of…
Business Leader Urges UK PM Sunak to Increase Economic Immigration
The UK’s Prime Minister Rishi Sunak on Monday faced pressure to increase immigration to plug labour shortages in the UK. Attending the Confederation of British Industry (CBI) annual conference in Birmingham, Sunak was urged to agree on a “new deal” on immigration, allowing more skilled workers to enter the UK on fixed-term visas. The prime minister…
UK’s Sunak Announces New Air Defence Package in 1st Visit to Ukraine
Prime Minister Rishi Sunak on Saturday announced a £50 million ($59 million) package of defence aid for Ukraine during his first visit to Kyiv since becoming leader of the UK. The package is comprised of 125 anti-aircraft guns and technology to counter Iranian-supplied drones, including dozens of radars and anti-drone electronic warfare capability, Downing Street said. The…
UK Chancellor Defends Decision to Raise Taxes for UK’s ‘Squeezed Middle’
November 18, 2022
admin
autumn statementBusiness & Marketseconomic policieseconomyinflationJeremy Huntpersonal financeraising taxesRishi SunakUKWorld
0 Comment
The UK’s Chancellor of the Exchequer, Jeremy Hunt, has defended his decision to raise £25 billion ($30 billion) by raising taxes amid claims by some economists that it would hurt middle-income earners, the so-called “squeezed middle.” Hunt was criticised by former Business Secretary Jacob Rees-Mogg, who said he had taken the “easy option” and should have…
Jeremy Hunt Says UK Must ‘Face Into the Storm’ as He Raises Taxes and Makes £55 Billion Cuts
The Chancellor of the Exchequer, Jeremy Hunt, has warned Britain will need to “face into the storm” in the next year as it faces high energy prices, inflation, and recession. Unveiling his autumn budget, in which he raised taxes and announced £55 billion of funding cuts, Hunt told the House of Commons: “There may be…
China Is ‘Biggest State-Based Threat’ to Britain’s Economic Security, Says Rishi Sunak
November 15, 2022
admin
ChinaChinese RegimeEurope-China RelationsG20IndonesiaInternationalInternational RelationsRishi SunakSpecial TopicsTaiwanUKWorld
0 Comment
British Prime Minister Rishi Sunak has told journalists on his way to the G-20 summit in Indonesia that China poses the “biggest state-based threat to our economic security.” China’s leader and head of the Chinese Communist Party (CCP), Xi Jinping, will be at the G-20 summit in Bali and Sunak said, “Hopefully I will have…
UK’s Sunak Calls Russia ‘Rogue State,’ Urges G-20 Leaders to ‘Prise Open’ Putin’s Grip on Global Economy
November 14, 2022
admin
belt and road initiativeBusiness & MarketseconomyEuropeInternationalRishi SunakRussia-Ukraine WarUKUkraineVladimir PutinWorld
0 Comment
UK Prime Minister Rishi Sunak has called Russia a “rogue state” and has called on G-20 leaders to “prise open” Russian President Vladimir Putin’s grip on the world economy. Sunak arrived in Bali, Indonesia, on Nov. 14 for the gathering of the leaders of the world’s biggest economies, in one of his first outings on…
Ex-Chancellor Kwarteng Says He Warned Truss Over Pace of UK Economic Reforms
Former Chancellor Kwasi Kwarteng has said he told former Prime Minister Liz Truss to “slow down” her ambitious economic reforms, which caused market turmoil and eventually led to her resignation. After Truss became prime minister on Sept. 5, she set out to implement her economic vision for the UK to become a “low-tax, high-growth economy…
Sunak Promises Further Support for Ukraine During First Meeting With NATO Chief
Secretary General of NATO Jens Stoltenberg has become the first international leader to visit Number 10 since Rishi Sunak became prime minister. Ahead of the meeting on Wednesday, Sunak said, “NATO is the cornerstone of our security and the security of our allies.” Stoltenberg also met with Foreign Secretary James Cleverly in London, with talks…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`