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Recent Articles

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UK current account deficit reduced to £32.5B, or 5.3% of GDP in Q2; primary income account recorded a deficit of £1.9B, or 0.3% of GDP: ONS

Deutsche Bank warns collapse of British pound would drive further 15% increase in UK shop prices over next two years, with clothing, furniture and other items imported from overseas most vulnerable to price rises

Bank of England announced it would buy long-term government bonds over the next two weeks to combat decline in British financial assets; IMF recommended against plan to cut taxes and increase borrowing

Moody's warns UK's plans for unfunded tax cuts are 'credit negative' and could lead to larger budget deficits, higher interest rates; Moody's cuts forecast for 2023 UK economic growth to 0.3% from 0.9%, but raises 2022 forecast to 3.3% from 3.0%

Paul Krugman: British pound plunged after new UK prime minister announced tax cuts, a sign that markets are losing confidence; that's because cutting taxes to spur growth is a 'zombie' idea, which have failed in practice and risks disaster for UK economy

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