The U.K.’s Office for National Statistics reported that Britain’s economy saw 0% growth in the third quarter of 2024, down from a preliminary estimate of 0.1%. This data, along with recent weak economic figures and concerns over the Labour government’s fiscal strategy, has led to questions about the country’s economic outlook. The Bank of England held interest rates steady at 4.75%, despite expectations of a rate cut, as inflation rose to 2.6% in November following the government’s announcement of a £40 billion tax increase in its first budget.
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UK vision for clean energy to collide with Trump’s fossil fuel frenzy | UK News
At the Energy Security Summit in London, the UK and US present contrasting visions for energy security, with the UK advocating for a transition to clean energy while the US, under Trump, promotes fossil fuel dominance. The UK aims to collaborate with 60 countries to accelerate the abandonment of fossil fuels, while also addressing its reliance on China for clean tech manufacturing. Despite challenges posed by Trump's policies and the absence of China at the...
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