The U.K. government is in tatters after Prime Minister Liz Truss resigned on Oct. 20, 2022 – the second leader to be forced out in mere months. It follows an economic mess largely of her own making that resulted in U-turns, a high-profile firing, curious absences and plummeting support. The resignation means that Truss will […]
why it’s happening and why interest rates are going up to combat it
Soaring prices have forced central banks in many developed countries to raise their interest rates in recent weeks. These organisations are in charge of attempts to rein in rising costs that are threatening to wreak havoc on household budgets in coming months. Western economies are currently experiencing two major shocks that are pushing up the […]
the current uncertainty could affect the economy for nearly two years
The recent dramatic events that led to the resignation of UK prime minister, Boris Johnson, on July 7 2022 raise the issue of how politics – and economic policy uncertainty more specifically – affects the UK economy. The answer, of course, is that it does, and sometimes for as much as two years. News of […]