Europeans are anxiously awaiting the outcome of the U.S. presidential election, hoping for a leader who will benefit the transatlantic relationship. However, the reality is that American interest in Europe has been declining for years, regardless of the election result. While President Biden has maintained a strong relationship with Europe, the future holds uncertainty as the U.S. shifts its focus away from traditional alliances towards other global regions.
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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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