Belarus’s President Aleksandr G. Lukashenko won his seventh consecutive election, with 86.82% of the vote, in a contest deemed a sham by exiled opposition leaders. With dissent stifled and only loyal candidates running against him, Lukashenko secured a predictable victory, despite criticism from the European Union and claims of election fraud. Lukashenko’s focus on preventing Belarus from being dragged into the conflict following Russia’s invasion of Ukraine has bolstered his support, although economic discontent remains high amid international sanctions.
Full Article
Bank of England’s top economist dismisses hopes of big interest rates cuts in further blow to Rachel Reeves
Rachel Reeves faced setbacks in her efforts to boost economic growth as the Bank of England downplayed the possibility of a significant interest rate cut, opting for a more cautious approach. Chief economist Huw Pill's comments came after the bank halved its growth forecast and warned of higher inflation and increased unemployment due to rising taxes and minimum wage. Reeves' future as chancellor is in question, with the Bank highlighting unexpected pay growth as a...
Read more