The British economy contracted more than expected in the third quarter by 0.3 percent. This is probably also the beginning of a prolonged recession. Earlier, the British statistics office assumed a contraction of 0.2 percent for the past three-month period. The economy in Great Britain was mainly depressed by a […]

The United Kingdom does not intend to change its policy to improve its trade relationship with the European Union. Prime Minister Rishi Sunak said so in response to reports that the British government would like to rethink its relationship with the EU. There was mention of an agreement that also […]

The British government warns of impending tax hikes mainly affecting the rich. Plans are coming out in the coming week to repair the economic havoc wrought under the brief reign of former Prime Minister Liz Truss. Truss’ successor Rishi Sunak, who is en route to the G20 summit in Bali, […]

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