Recession announced in Britain
London (Britain) – Britain has announced an economic recession. Prime Minister Rishi Sunak said steps will be taken to control the recession. Sunak’s Government has presented an economic plan of 5,500 crore pounds (Rs 5,058 crore).
“#Britain is now in #recession and headed towards further shrinkage”, country’s finance minister revealed as he tabled his much-anticipated emergency #budget with #tax rises impacting millions.https://t.co/GmvfOoLeE9
— Zee Business (@ZeeBusiness) November 18, 2022
On 17th November, Finance Minister Jeremy Hunt presented the Government’s emergency budget. There has been a rise in taxes. Due to rising inflation in Britain, the problems of the Government and common people have also increased. Inflation in Britain rose to 11.1% in October, breaking a 41-year record high. This is the highest inflation rate since 1981. In September, the inflation rate was 10.1.
| Editorial Viewpoint
Look at the current situation of Britain which once ruled many countries and plundered them. Please note everyone must pay for their karma ! |