Tag: uk
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UK’s PM-elect Rishi Sunak pleads for stability and unity.
After becoming PM-elect, Rishi Sunak called for unity amid a “deep economic challenge.” After Penny Mordaunt failed to get MP support, he became Tory leader. Mr. Sunak claimed his “utmost goal” was uniting his party and the UK in his inaugural speech. The UK’s first British Asian prime minister and youngest in over 200 years…
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UK’s pound sterling plunges to a record low
The markets are predicting that UK interest rates could touch 6% in the summer of next year. The new budget changes have rocked the markets. The largest banks in the UK are have some major crisis to deal with as inflation is surging to 17%. This new scenario is due to an annual exercise to…