A modest recovery in the U.K.’s service sector let the nation avoid a recession, at least for now.
Tag: UK
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WWIII: U.S. TO PROVIDE UKRAINE WITH DEPLETED-URANIUM TANK ROUNDS
The U.S. is expected to follow the United Kingdom’s lead and provide the Ukrainian military with tank rounds with depleted-uranium rounds that can pierce the coat of Russian tanks but raise health concerns for people in areas these munitions are used.
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U.K. ECONOMY SQUEAKS OUT 0.1-PERCENT GROWTH IN FIRST QUARTER
Britain managed to expand its GDP by 0.1 percent during the first three months of this year, matching the growth rate in 2022’s final quarter.
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SPOTLIGHT: TOP TREND 2023, OFFICE BUILDING BUST
In 2022’s fourth quarter, the proportion of Canada’s office space sitting empty reached a record 17.1 percent, according to real estate services firm CBRE, even though the country’s economy has fully reopened from its COVID-era lockdowns.
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“HOW LOVELY IT IS”: U.K. SCIENTISTS CREATE CHIMERIC FLU – RSV SUPER VIRUS
The unbounded hubris of scientists dangerously manipulating viruses is showing itself again.
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U.K. MAY LEGALIZE HERITABLE GENE EDITING BY 2023
Money talks. A lucrative and powerful fertility industry might help decide whether the U.K. legalizes heritable genome editing (HGE) next year.
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BRACE FOR LONGEST U.K. RECESSION EVER
The Bank of England (BoE) has warned that Great Britain will fall into a “very challenging” two-year recession, during which real incomes will decline and unemployment will double to about 6.5 percent before 2025.
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SUNAK’S IN-LAWS MADE FORTUNE OUTSOURCING JOBS IN U.K., U.S., MAKING BIGS BIGGER AT THE EXPENSE OF THE WORKER
Rishi Sunak’s ascendance to the top of British politics has rankled some in the U.K. who say the secrecy surrounding his personal wealth is at odds of what 10 Downing needs given the financial turmoil facing the country.
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IT’S ONE BIG CLUB: EX-GOLDMAN SACHS BANKER TO BECOME NEXT BRITISH PRIME MINISTER
Rishi Sunak, a former Goldman Sachs banker and hedge fund head who stepped down last summer from his post as Chancellor of the Exchequer to protest ex-Prime Minister Boris Johnson, will be the next leader of the United Kingdom after a brief, yet disastrous tenure by Liz Truss.
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U.K. CENTRAL BANK GOES LOOSE
On 29 September, the Bank of England (BoE) suspended its plans to tighten monetary policy and bought £1 billion in government bonds to stabilize the nation’s debt and pension markets after new prime minister Liz Truss announced her government would initially borrow more than £72 billion to subsidize household energy bills.