UK growth forecasts revised

In the UK, the 0.2 percent contraction expectation for this year was revised to 0.6 percent growth, while forecasts for 2024 and 2025 were lowered. In a statement from the Office for

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UK inflation climbs to 41-year high

Inflation in the UK climbed to a 41-year high of 11.1 percent in October. Consumer prices in the UK rose above expectations in October, climbing to a 41-year high of 11.1 percent.

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UK Secretary of State Williamson resigns

Gavin Williamson, Minister of State in British Prime Minister Rishi Sunak’s cabinet, resigned following allegations of bullying. Resigning on October 25, Williamson became the first person to leave Sunak’s cabinet. Williamson, who

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