April 19, 2023 /Economy/ — The cost of living crisis is a global issue, and it is having a significant impact on people in the UK. Energy bills, food prices, and fuel costs are all rising, and this is putting a strain on household budgets. There are concerns that the cost of living crisis could lead to social unrest, and there is no clear timeline for when this could happen.
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Steve Schifferes, City, University of London
UK chancellor Jeremy Hunt’s spring budget is a tricky one in terms of timing. Having announced a set of steadying measures in the autumn statement after the Truss/Kwarteng debacle, this budget is likely to be the last but one before a 2024 general election. This makes it a little early for eye-catching tax cuts or business boosts.
David Bach, International Institute for Management Development (IMD)
Chinese leader Xi Jinping’s recent speech to the Communist Party Congress could be one of the most consequential of the decade. He told the audience – and the world – that his economic growth-crushing zero-COVID policy is here to stay, and that Beijing is more determined than ever to reunify with Taiwan, peacefully if possible and by force if necessary.
By Rina Chandran
Sept 8 (Thomson Reuters Foundation) – A worker loses his job during the pandemic, and signs up to become a driver for a food-delivery app: this was the reality for millions in the past two years, and is also the story of a new Bollywood film that examines the gig economy in India.
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