[ad_1] London CNN — It’s been two years since former Prime Minister Boris Johnson signed his Brexit trade deal and triumphantly declared that Britain would be “prosperous, dynamic and contented” after completing its exit from the European Union. The Brexit deal would enable UK companies to “do even more business” …
Read More »U.K. set for Christmas travel disruption amid air and rail strikes
[ad_1] A train makes its way through the snow in Penistone, South Yorkshire, in March 2022. Passengers face Christmas travel disruption as workers strike over pay and working conditions. Nurphoto | Nurphoto | Getty Images LONDON — Passengers traveling into or around the U.K. over the holiday period face significant …
Read More »U.K. lags OECD average with pandemic GDP recovery
[ad_1] LONDON — U.K. growth has lagged the world’s biggest economies since the Covid-19 pandemic and is substantially below the OECD average, according to a new report from the influential Paris-based group. U.K. gross domestic product has contracted by 0.4% between the fourth quarter of 2019 and the third quarter …
Read More »UK budget: Britain is bringing back austerity. Here’s why
[ad_1] London CNN Business — The last time a British finance minister revealed tax and spending plans, markets went haywire and the country’s prime minister ultimately lost her job. The new government is not looking for a repeat performance. On Thursday, Chancellor Jeremy Hunt is due to unveil a budget …
Read More »What a long-term weak pound means for the U.K. economy
[ad_1] A British one pound coin sits in this arranged photograph in London, U.K. Bloomberg | Bloomberg | Getty Images LONDON — The British pound‘s exchange rate against the U.S. dollar has been on a rollercoaster ride in recent months. After a year of steady decline, it plunged to an all-time …
Read More »Germany’s leader and top CEOs are visiting Beijing. They need China more than ever
[ad_1] Hong Kong/London CNN Business — German Chancellor Olaf Scholz arrived in China on Friday with a team of top executives and a clear message: business with the world’s second largest economy must continue. Scholz met with Chinese leader Xi Jinping at Beijing’s Great Hall of the People after landing …
Read More »The US and UK, twin bastions of Western stability, are now political basket cases
[ad_1] CNN — Americans and Britons once smugly viewed political uprisings, governing meltdowns and self-defeating errors as the eruptions of unstable countries and immature political systems. No longer. And China and Russia couldn’t be happier. The humiliating resignation of British Prime Minister Liz Truss after just 45 days in power …
Read More »Liz Truss Fast Facts | CNN
[ad_1] CNN — Here’s a look at the life of Liz Truss, prime minister of the United Kingdom. Birth date: July 26, 1975 Birth place: Oxford, England Birth name: Mary Elizabeth Truss Father: John Kenneth Truss, math professor Mother: Priscilla (Grasby) Truss, nurse and teacher Marriage: Hugh O’Leary (2000-present) Children: …
Read More »Air fryers, blankets and warm clothes: Brits stock up ahead of tough winter
[ad_1] The average household energy bill is going from £1,400 to £2,500, and consumer confidence has plummeted. [ad_2] Source link
Read More »Postal workers in the UK agree crunch strike talks with Royal Mail bosses
[ad_1] LONDON – August 26, 2022: CWU general secretary Dave Ward (in grey suit jacket) visits the picket line in Whitechapel on August 26, 2022. Members of the Communication Workers Union (CWU) voted in favour of strike action by 97.6 per cent in the ballot, in the biggest strike of …
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