India trade deal offers biggest hope for UK economy heading for a crisis
It has been anything but a smooth ride for the Rishi Sunak led UK government, with the latest official data released this week reflecting a shrinking economy and a looming two-year-long recession. The British Indian former finance minister, who took charge at 10 Downing Street last month with the promise to fix […]
India, UK working sincerely on free trade agreement: MEA
India on Thursday said it is working “sincerely” with the UK for finalisation of the proposed free trade agreement, days after Prime Minister Narendra Modi and his British counterpart Rishi Sunak agreed on the “early conclusion” of the deal. “Both sides are working sincerely on the free trade agreement,” External Affairs Ministry Spokesperson Arindam Bagchi […]
Bank of England likely to go for a bigger than 75-bp rate hike: Report
Whether the Bank of England delivers a 75-basis-point increase in interest rates on November 3 or goes for an bigger lift to tamp down inflation is a close call among economists polled by Reuters . Rising borrowing costs are part of a cost of living crisis hammering consumer spending as Sunak becomes Britain’s third […]
Canada-U.K. relation to stabilize with Rishi Sunak as British PM, expert says – National | Globalnews.ca
Canada‘s relations with Britain, and negotiations for a new free trade deal, should get some stability with news that former U.K. finance minister Rishi Sunak will become prime minister, one expert on the file said Monday. “He will be much more traditional, much steadier —more predictable in a sense, in his foreign policy,” said Tony […]
Ex-British Treasury chief Rishi Sunak leads UK leader race; Johnson yet to declare – National | Globalnews.ca
Former British Treasury chief Rishi Sunak was frontrunner Sunday in the Conservative Party’s race to replace Liz Truss as prime minister, as he garnered the public support of over 100 Tory lawmakers to forge ahead of his two main rivals — ousted former Prime Minister Boris Johnson and ex-Cabinet minister Penny Mordaunt. But widespread uncertainty […]
Liz Truss set to become Britain’s next prime minister amid soaring energy prices – National | Globalnews.ca
Britain’s Conservative Party has chosen Foreign Secretary Liz Truss as the party’s new leader, putting her in line to be confirmed as prime minister. Truss’s selection was announced Monday in London after a leadership election in which only the 180,000 dues-paying members of the Conservative Party were allowed to vote. Truss beat rival Rishi Sunak, […]