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Demonstrators Hit London's Streets to Protest Against Energy Prices and Cost of Living Crisis
Demonstrators Hit London's Streets to Protest Against Energy Prices and Cost of Living Crisis
Sputnik International
On 23 September, the UK's Chancellor of the Exchequer, Kwasi Kwarteng, unveiled a new £60Bln ($64Bln) growth plan to support the country’s economy as the cost... 01.10.2022, Sputnik International
2022-10-01T12:17+0000
2022-10-01T12:17+0000
2023-05-28T15:21+0000
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Sputnik comes live as demonstrators gather in London to protest against sky-high energy bills and the wider cost of living crisis.Twenty-one percent of UK citizens say they were forced to cut costs on essential food items, and the same number of people say they had to cut spending on household essentials, according to a recent YouGov poll.In September, the Bank of England raised its interest rate by 50 basis points to 2.25 percent from 1.75 percent per annum - the highest level since December 2008. According to the Bank's forecasts, the British economy will fall into recession in the fourth quarter of 2022.Follow Sputnik's Live Feed to Find Out More!
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Protesters rally in London demanding action on energy prices and cost of living crisis
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Protesters rally in London demanding action on energy prices and cost of living crisis
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Demonstrators Hit London's Streets to Protest Against Energy Prices and Cost of Living Crisis
12:17 GMT 01.10.2022 (Updated: 15:21 GMT 28.05.2023) On 23 September, the UK's Chancellor of the Exchequer, Kwasi Kwarteng, unveiled a new £60Bln ($64Bln) growth plan to support the country’s economy as the cost of living soars. The plan includes canceling the planned rise in corporation tax, keeping it at 19 percent - the lowest level in the G20.
Sputnik comes live as demonstrators gather in London to protest against sky-high energy bills and the wider cost of living crisis.
Twenty-one percent of UK citizens say they were forced to cut costs on essential food items, and the same number of people say they had to cut spending on household essentials, according to a recent YouGov poll.
In September, the Bank of England raised its interest rate by 50 basis points to 2.25 percent from 1.75 percent per annum - the highest level since December 2008. According to the Bank's forecasts, the British economy will fall into recession in the fourth quarter of 2022.
Follow Sputnik's Live Feed to Find Out More!
