In August 2023, the BRICS economic bloc decided to abandon the US dollar for trade settlements.
The move aligns with the BRICS strategy to promote the use of local currencies internationally.
This is basically the same as … Read the rest
BRICS is an intergovernmental organisation, with their governments meeting annually at formal summits and coordinating multilateral policies.
BRICS is an acronym for the five countries that are current members:
The Bank of England increased the UK’s central bank rate to 2.25%, the highest level since December 2008, at their review on 22 September 2022.
The United States Federal Reserve announced it was raising its key rate by another 0.75 percentage points, lifting the target range to 3% to 3.25%.
This rate is expected to keep increasing, and to reach 4.4% by the end of … Read the rest
Now let everyone enjoy Christmas…
Boris Johnson has said “From January 1 we are outside the customs union and outside the single market.”
“British laws will be made solely by the British Parliament … Read the rest
Many News reports are highlighting the negative side of the very recent IMF economic reports, taking account of the current COVID-19 pandemic.
An example being the IMF’s prediction of an 8.1% shrinking of the Lithuanian economy, in 2020.
But the … Read the rest
The UK government has agreed to pay £29.6billion to the EU as part of its departure from the bloc, in order to pay off financial commitments it signed up to prior … Read the rest
Gross Domestic Product in the UK has seen increases between 1.95% and 6.11% during all years from 2000 to 2018, except for 2009, when it dropped by 2.55%.
Gross domestic product (GDP) … Read the rest
1 Pound sterling (GBP) equals 1.17656 Euro (EUR) as at 9th January 2020.
Ten years ago it was 1.11 on the 8th January 2010.
The British Pound is slightly higher (6%) than … Read the rest
Ian Blackford, the leader of the Scottish National Party in the House of Commons, states that Scotland has subsidised the rest of the UK in most of the last 40-year period. The data used is … Read the rest