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Searched Tag: recession
Official figures released Friday by the Office for National Statistics revealed that the British economy rebounded robustly in the first quarter of the year, marking the end of what economists had labeled a "technical recession."

UK Economy emerges from recession, shows resilience in Q1

May 10, 2024, 02:23 PM - 2 min read

This optimism comes at a crucial time for the governing Conservative Party, which faces the looming specter of a significant electoral defeat to the Labour Party later this year.

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The Office for National Statistics (ONS) revealed on Tuesday a significant uptick in the UK's jobless rate, which rose to 4.2% in the three months leading up to February

UK unemployment rate spikes to 4.2%, biggest jump since 2020

April 16, 2024, 03:46 PM - 2 min read

The UK economy lost 156,000 jobs compared to the previous three-month period, marking the largest drop since last August, contrary to economists' expectations of a gain.

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Billionaire tech CEO Elon Musk has taken to the social media platform X to express his deep concerns about the United States facing the risk of bankruptcy.

CEO Elon Musk sounds alarm on US bankruptcy risk, says 'Overspending must stop"

March 13, 2024, 12:33 PM - 2 min read

"This is an amazing number to watch in the next few years," commented @WallStreetSilv. "We are not that far off from a day when 100% of individual income taxes are going to be required to pay for interest on the debt."

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