The turmoil is already having real-world effects, with several British mortgage lenders pulling offers from the market amid expectations the Bank of England will sharply boost interest rates to offset the inflationary impact...
Rishi Sunak is looking to make history as Britain’s first PM of Indian-origin and has the overwhelming support of the Indian diaspora, many of whom have already voted in his favour as Conservative Party members.
The Office for National Statistics said Wednesday that consumer price inflation rose slightly from 9% in April, itself the highest level since 1982
Some of Sunak’s parliamentary colleagues also point out exactly that prophetic stance of Britain’s first Indian-origin contender for the top job at 10 Downing Street
The Office for National Statistics said Wednesday that gross domestic product expanded 0.5 per cent in the month, compared with economic forecasts of about 0.1 per cent. GDP declined 0.2 per cent in April
The Office for National Statistics (ONS) found that inflation, which is the rate at which prices rise, has surged from an already high 7 per cent in March
While the British currency sterling underperformed against the US Dollar compared to the Rupee, Pound has slipped 8 per cent against the Indian currency this year
Gross domestic product increased just 0.1% from a month earlier, down from the 0.8% growth reported in January, the Office for National Statistics said Monday