Women sit with shopping trolleys at a bus stop in Chester, Britain. Reuters
British inflation slowed more than expected in November but remained near the highest level in more than 40 years, official data showed on Wednesday, as a cost-of-living crisis sparks fresh UK strikes. The consumer prices index eased to 10.7 percent last month, the Office for National Statistics (ONS) said in a statement, against
Bank of England (BoE) Governor Andrew Bailey said on Wednesday a risk “very clearly” existed that inflation, which is running at a 30-year high, gets embedded in Britain’s economy if a cycle of higher prices keeps pushing up wages.
British inflation edged up in January as locked-down consumers paid more for food and sellers of furniture and other household goods offered smaller-than-usual New Year discounts to people seeking to spruce up their homes.
Britain’s economy is so far proving resilient to a surge in interest rates over the past year and a half, but it will take time for the full impact to feed through, the Bank of England (BoE) said on Wednesday. The Bank of England last month raised rates to 5 per cent that had stood at 0.1 per cent at the end of 2021, raising concerns about
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His Highness Sheikh Saud Bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, affirmed that startups based on modern technologies
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