Inflation rate is the lowest since 2016
Low inflation is generally desired by economists. This time it is somewhat different as low inflation reflects low consumer activity and low demand. Emergency money pumping hasn’t yet…
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Unemployment growth is certainly not under control
It’s hard to say what has has caused more negative effects to the economic development of UK: the virus or the measures to tackle the outbreak. Anyway, the…
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BP ready to write off billions, sees long slump in global demand ahead
Oil and gas industries are in heavy trouble. Taking into account the economic impact of the downgraded performance of these branches of economies we can expect major consequences…
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Risk of repeating quarantines and accumulating debts sent oil price down
Oil prices continued to fall at Monday due to fears of a new wave of corona infections. This continued the decline in oil prices from the end of…
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United Kingdom: no more postponement of Brexit
Whether the parties will come out or not: the United Kingdom will leave the European Union on 1 January 2022 anyway. That says the British cabinet minister Michael…
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Why Mukhtar Ablyazov lost his attractiveness for the United Kingdom, part I
In his brilliant 2017 piece for FT Tom Burgis dived in the depth of Mukhtar Ablyazov case. In fact, the article serves as the best explanation of what…
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Construction industry worst hit , GDP down 20.4 percent in April
The UK economy shrank by 20.4 percent in April, reports national statistics agency ONS. The strongest downturn ever recorded shows that the effects of the quarantine in the…
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