(Morning News) The British economy may have shrunk for the first time since early 2021, which further exacerbated the pressure faced by the two candidates who are competing for the throne of the Prime Minister.
Bloomberg's survey on economists showed that the GDP in the second quarter of the United Kingdom (GDP) may shrink 0.2%; official data is scheduled to be released this week.
Economic atrophic means the suspension of the British recovery from the crown disease and the beginning of the more lasting economic recession.The Bank of England predicts that the economic slowdown will last until the beginning of 2024.
Faced with the dim economic prospects, Tellas and Sunak were busy promoting how they would boost the national economy for two days.The central bank predicted last week that Britain's inflation rate will soar more than 13%this year, reaching a high level of nearly 40 years, which will seriously affect consumers' purchasing power.
The latest polls show that most British voters also hope that the next Prime Minister will focus on the crisis of response to inflation and the imminent cost of living, rather than a significant tax reduction.
The new party will be announced by about 200,000 conservative party members by mailing votes on September 5.
