© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

Zero-growth warning for UK economy as petrol prices surge

OECD singles out cost of living crisis as a cause of Britain’s slide down growth league table

Boris Johnson’s attempt to reset his troubled premiership has received a double blow after petrol prices had their biggest daily rise in 17 years and a leading international thinktank said the UK economy would slow to a standstill next year.

Fears that Britain is heading for a prolonged period of 1970s-style stagflation intensified amid fresh evidence of the damaging impact of the war in Ukraine on the cost of living and growth.

Continue reading…

Related posts

Russia-Ukraine war live news: west rejects referendum results; Nord Stream ‘sabotage’ denounced

AEA3

TUC urges Bank of England to halt ‘reckless’ interest rate increases

AEA3

Roe v Wade: US supreme court preliminary vote overturns abortion ruling, leaked draft shows – live updates

AEA3

Pin It on Pinterest

Share This