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2021–present United Kingdom Cost-of-living Crisis
Since late 2021, the prices for many essential goods in the United Kingdom began increasing faster than Income in the United Kingdom, household incomes, resulting in a fall in real incomes. The phenomenon has been termed a cost-of-living crisis. This is caused in part by a rise in inflation in both the UK and the 2021–2023 inflation surge, world in general, as well as the economic impact of issues such as the Economic impact of the COVID-19 pandemic, COVID-19 pandemic, Economic impact of the Russian invasion of Ukraine, Russia's invasion of Ukraine and Economic effects of Brexit, Brexit. While all in the UK are affected by rising prices, it most substantially affects Poverty in the United Kingdom, low-income persons. The British government has responded in various ways such as grants, tax rebates, and subsidies to electricity and gas suppliers. Definition ''The Big Issue'' newspaper defines a cost-of-living crisis as "a scenario in which the cost of everyday essentials like ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. The Bank became an independent public organisation in 1998, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, has a monopoly on the issue of banknotes in England and Wales, and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland. The Bank's Monetary Policy Committee has devolved responsibility for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brexit
Brexit (; a portmanteau of "British exit") was the withdrawal of the United Kingdom (UK) from the European Union (EU) at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 CET).The UK also left the European Atomic Energy Community (EAEC or Euratom). The UK is the only sovereign country to have left the EU or the EC. Greenland left the EC (but became an OTC) on 1 February 1985. The UK had been a member state of the EU or its predecessor the European Communities (EC), sometimes of both at the same time, since 1 January 1973. Following Brexit, EU law and the Court of Justice of the European Union no longer have primacy over British laws, except in select areas in relation to Northern Ireland. The European Union (Withdrawal) Act 2018 retains relevant EU law as domestic law, which the UK can now amend or repeal. Under the terms of the Brexit withdrawal agreement, Northern Ireland continues to participate in the European Single Market in relation to goods, and to be a member o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EuroNews
Euronews (styled on-air in lowercase as euronews) is a European television news network, headquartered in Lyon, France. The network began broadcasting on 1 January 1993 and covers world news from a European perspective. The majority of Euronews (88%) is owned by Portuguese investment management firm Alpac Capital,Portuguese investor will buy Euronews , Egypt's Sawiris to sell struggling broadca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MoneyWeek
''MoneyWeek'' is a British weekly investment magazine that covers financial and economic news and provides commentary and analysis across the UK and global markets. ''MoneyWeek'' is edited in London. It is owned by MoneyWeek Limited, which is now a subsidiary of Future plc, then-parent company Dennis Publishing owned it once before, prior to 2002. From July to December 2015, the magazine had an Audit Bureau of Circulations (ABC) certified circulation of 45,540 (99.0% of which was in the UK and Ireland). History ''MoneyWeek'', founded by Jolyon Connell, was launched in November 2000 and originally published in association with Dennis Publishing. It was designed as a financial version of ''The Week'' magazine, which was founded by Jolyon Connell five years previously. ''MoneyWeek'' was sold by Dennis Publishing to Financial News Ltd. in August 2002. In late 2003, it was bought by U.S. financial publisher, Agora Inc. headed by Bill Bonner, who contributed a weekly column in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service maintains 50 foreign news bureaus with more than 250 correspondents around the world. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, the BBC also has regional centres across England and national news c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sky News
Sky News is a British free-to-air television news channel and organisation. Sky News is distributed via an English-language radio news service, and through online channels. It is owned by Sky Group, a division of Comcast. John Ryley is the head of Sky News, a role he has held since June 2006. In 2019, Sky News was named Royal Television Society News Channel of the Year, the 12th time it has held the award. The channel and its live streaming world news is available on its website, TV platforms, and online platforms such as YouTube and Apple TV, and various mobile devices and digital media players. A sister channel, Sky News Arabia, is operated as a joint venture with the Abu Dhabi Media Investment Corporation. A channel called Sky News International, simulcasting the UK channel directly but without British advertisements, is available in Europe, the Middle East, Africa, South Asia, Asia Pacific, Australia, and the Americas. Narrated segments (which generally cover lighter issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russia's Invasion Of Ukraine
On 24 February 2022, in a major escalation of the Russo-Ukrainian War, which began in 2014. The invasion has resulted in tens of thousands of deaths on both sides. It has caused Europe's largest refugee crisis since World War II. An estimated 8 million Ukrainians were displaced within their country by late May and 7.8 million fled the country by 8 November 2022, while Russia, within five weeks of the invasion, experienced its greatest emigration since the 1917 October Revolution. Following the 2014 Ukrainian Revolution, Russia annexed Crimea, and Russian-backed paramilitaries seized part of the Donbas region of south-eastern Ukraine, which consists of Luhansk and Donetsk oblasts, sparking a regional war. In March 2021, Russia began a large military build-up along its border with Ukraine, eventually amassing up to 190,000 troops and their equipment. Despite the build-up, denials of plans to invade or attack Ukraine were issued by various Russian gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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