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UK is ‘broke and broken,’ new government says as it prepares to tackle shortfall in public finances

UK is ‘broke and broken,’ new government says as it prepares to tackle shortfall in public finances

  • Three weeks after taking power, PM Keir Starmer’s office professed shock at the situation they inherited after 14 years of Conservative Party rule
  • “We are calling time on the false promises that British people have had to put up with and we will do what it takes to fix Britain,” said senior cabinet official Pat McFadden
By AP ·
UK reports further bleak economic data

UK reports further bleak economic data

By AFP ·
Macro Snapshot — UAE’s non-oil trade grows 17% to top $288bn H1; UK economy shrank record 11% in 2020

Macro Snapshot — UAE’s non-oil trade grows 17% to top $288bn H1; UK economy shrank record 11% in 2020

By Farida El-Gazzar ·
Omicron hit to UK economy less sharp than feared in December: Reuters

Omicron hit to UK economy less sharp than feared in December: Reuters

By Reuters ·
Johnson launches mass testing program as UK economy reopens

Johnson launches mass testing program as UK economy reopens

By Reuters ·
UK government borrowing at new record

UK government borrowing at new record

By AFP ·
UK economy to hit pre-pandemic level late 2021: BoE

UK economy to hit pre-pandemic level late 2021: BoE

By AFP ·
Johnson charting path to reopen UK economy

Johnson charting path to reopen UK economy

By Reuters ·
BoE asks banks how ready they are for sub-zero rates

BoE asks banks how ready they are for sub-zero rates

By Reuters ·
British house price boom to fizzle out next year

British house price boom to fizzle out next year

By Reuters ·
UK economy faces long climb back to health

UK economy faces long climb back to health

By Reuters ·
UK house prices ‘to fall 5% this year, recover gradually’

UK house prices ‘to fall 5% this year, recover gradually’

By Reuters ·
Brexit relief for UK economy might not last long

Brexit relief for UK economy might not last long

By Reuters ·

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