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Electricity prices are expected to increase from 2023
24 November 2022
Price hikes British regulator Ofgem announced on Thursday it would raise the electricity price cap from January, bringing the average price per kWh to 67p, up from 34p on October 1. The en...
The India-UK free trade agreement is progressing well
19 November 2022
Trade between the two countries Negotiations on the India-UK Free Trade Agreement (FTA) are "progressing well" and an agreement that works for both sides is more important than its signing date, UK Trade Policy Minister Greg...
Rishi Sunak plans to cut defence spending in UK
12 November 2022
Defence spending Adhering to the spending review for 2021, the Ministry of Defence budget will increase in cash terms from £47.9bn this year to £48bn in 2023 and then to £48.6bn in 2024. Meanwhile, CPI inflation is expected to ris...
Rishi Sunak tells Narendra Modi that he hopes for "good progress" on UK-India trade deal
27 October 2022
Talks between the two countries New British Prime Minister Rishi Sunak held a telephone conversation with Indian Prime Minister Narendra Modi, promising him to work to strengthen relations between the two...
Charles III accepts Liz Truss resignation as British Prime Minister
25 October 2022
The post of PM in the UK Liz Truss formally stepped down as UK prime minister during an audience with King Charles III at Buckingham Palace. This was revealed in a Buckingham Palace release...
British Foreign Secretary James Cleverly endorses Boris Johnson for prime minister
23 October 2022
Struggle for PM post in UK British Foreign Secretary James Spencer Cleverly has said he wants to see former head of government Boris Johnson back in the prime minister's chair following the resignation of Liz Truss. "In the last few weeks...
Ben Wallace says he will not run for premiership
21 October 2022
The post of prime minister in the UK British Defence Secretary Ben Wallace will not fight for prime minister following the resignation of Liz Truss and is ready to back former head of government Boris Johnson'...
10% of Britons are positive about Truss' work as prime minister
19 October 2022
Liz Truss's rating British Prime Minister Liz Truss continues to lose support among voters. A YouGov poll published on Tuesday shows that only 10% of the UK population is now positive about her performance, down 5pc from a week ago. Meanwhile, 80% ...
Liz Truss misses the parliamentary question on Kwarteng dismissal
17 October 2022
Liz Truss won't give an explanation British Prime Minister Liz Truss has refused a demand from the opposition to make a statement on her decision to sack finance minister Kwasi Kwarteng and make a near 180-degree U-turn on her plans to cut...
Andrew Bailey suggests that next month's key rate hike will be higher than expected
15 October 2022
Key rate The Bank of England intends to resort to a more radical than planned key rate hike in response to the current difficult situation in the UK economy. The regulator's governor Andrew John Bailey said this, according to Sky News television on ...
UK pound lost 1.5% after Jeremy Hunt appointed chancellor after Kwarteng sacking
14 October 2022
Pound exchange rate The British pound lost 1.5% of its value against the dollar on Friday on news of the dismissal of the kingdom's Finance Minister Kwasi Kwarteng. According to The Daily Telegraph, £1 now fetches $1.12, compared to $1.135 in ...
UK plans to cap revenues of renewable power producers
11 October 2022
Plan to limit revenues The U.K. government plans to impose income limits on renewable energy companies to reduce the impact of higher energy prices on the country's residents, Bloomberg News Agency reported, citing sources. According to the agency,...
Students in UK face cost-of-living hardship
10 October 2022
Studying has become more difficult More than 300 thousand students in Britain want to interrupt the study, because they can no longer pay for it amid rising prices for electricity and food, as well as the high rate of inflation in the country. The G...
Liz Truss' approval rating falls to a record low
9 October 2022
Job Rating Mary Elizabeth Truss's job approval rating has fallen to a record low among all British prime ministers. This was reported by The Guardian on October 9, citing an Opinium poll. Only 16% of the voters support the work of the politician. ...
Eurovision Song Contest 2023 will be held in Liverpool
8 October 2022
The main musical event in Liverpool The musical contest "Eurovision" in 2023 will be held in the English city of Liverpool. The announcement was made Friday by broadcaster Graham William Walker on the air of the BBC Broadcasting Corporation, wh...
Liz Truss abandons plans to cut the UK's maximum tax rate
3 October 2022
UK tax rate The government of new British Prime Minister Liz Truss has abandoned plans to cut the kingdom's maximum income tax rate from 45% to 40%. The announcement was made on Monday by the country's finance minister,...
Martin Weale did not rule out a more active rate hike by the regulator
25 September 2022
Experts say The Bank of England could hold an emergency meeting of its Monetary Policy Committee and resort to a more aggressive increase in the benchmark interest rate if sterling continues to fall at the same rapid pace as it has this week. The Ob...
UK announces tax cuts today
23 September 2022
Taxes in UK The government of Liz Truss, who took over as prime minister of Great Britain on 6 September, is cutting taxes in the kingdom in order to stimulate economic growth. It was announced Friday morning in the House of Commons of the British P...
Ben Wallace says he will not run for prime minister
9 July 2022
Boris Johnson's replacement British Defence Secretary Ben Wallace, considered one of the main contenders for prime minister after Boris Johnson's resignation, said on Saturday he would not run for the position of leader of the ruling ...
Liz Truss fears Russia’s war on Ukraine will last a decade
28 April 2022
The Ukraine war could last as long as ten years, Liz Truss believes, as she tells Western allies that Vladimir Putin's Russia is even less trustworthy than the former Soviet Union. The Foreign Secretary said the Russian leader is a 'desper...
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