Why the UK economy stopped working - Times of India
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With an election looming next month, voters across the UK will be passing judgment on a British economy that's come under significant pressure. The combination of cost-of-living crisis and the consequences of under successive Tory governments has left the nation struggling to right itself. The UK borrowed heavily during the pandemic, albeit at low interest rates. But Russia's war on Ukraine sent energy prices sky high, exacerbating inflation that's made low rates a distant memory. On July 4, UK voters will choose between a Labour Party led by Leader Keir Starmer, a Conservative Party led by Prime Minister Rishi Sunak, and others. In Why the UK Economy Stopped Working, we show that—for the winner—a very difficult task awaits.

#UkEconomy #Elections #Debt #Inflation

https://timesofindia.indiatimes.com/world/uk/why-the-uk-economy-stopped-working/articleshow/111186568.cms