After years of negotiations, the Labour administration announced on Oct. 3 that sovereignty of the Chagos Islands would be given to Mauritius, with exceptions for the U.K./U.S. airbase on Diego Garcia. Brexit played a role in the U.N. vote leading to this decision, with differing opinions on its impact from experts like Richard Gowan and Samuel Jarvis, who highlight the U.K.’s changing approach to the General Assembly post-Brexit.
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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...
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