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Sunak Set To Fight UK Election Against A Bleak Economic Backdrop

Rishi Sunak has a decent chance of delivering his promise to halve UK inflation this year, according to the Bank of England. But that is about as good as the latest central bank forecasts get for the prime minister, who was hoping to fight a 2024 general election with a much-improved economy. The Bank of England delivered the latest hike Thursday with a warning that borrowing costs, which have fueled an historic cost-of-living crunch, could stay elevated through at least next year and perhaps lo...
United Kingdom Andrew Bailey Labour Party Liz Truss Exchequer Jeremy Hunt Sky News

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