
What IS going wrong with the UK economy?
In recent times, the United Kingdom’s economic situation has taken a turn for the worse. A surge in debt servicing costs is now posing a significant threat to the Labour Party as well as the entire nation. Furthermore, concerns over stagflation are mounting, and the pound is being labeled as “the Great British Peso.”
The country is facing a daunting prospect – rising interest rates have led to an increase in debt payments for both households and businesses.
Source: www.dailymail.co.uk