UK Economy Stalls In Q3 As High Inflation Hurt
The UK economic output stagnated in the third quarter as higher interest rates damped spending and investment, though the economy likely escaped a recession this year.
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The UK economic output stagnated in the third quarter as higher interest rates damped spending and investment, though the economy likely escaped a recession this year.
The UK economy contracted in June on weaker out-turns in the services and industrial sectors, suggesting that the region is heading for a mild recession in the second half of the year.
As a key UK trading partner, the government should tread carefully when addressing the very real risks posed by China.
Finance Minister Nirmala Sitharaman on Saturday met UK Trade Secretary of State Kemi Badenoch and discussed bilateral investment and free trade agreement (FTA).
While there are some benefits to the free trade agreement, the UK would be better off striking a deal with its neighbours.