UK announces austerity budget, admits recession
Al Jazeera · 3 years ago
Al Jazeera
3 years ago
UK finance minister Jeremy Hunt has officially declared that his nation is in a recession. He expects the economy to shrink even further in the next fiscal year. The incumbent chancellor has laid out his plans for tackling rising inflation, mindful of the wreckage left by his predecessor's "mini-budget" six weeks ago.
See The Full Story
Global Inflation Concerns
Inflation across the developed world is surging, with the rising cost of living expenses at the highest level since the 1980s.