Business
2022.11.02 09:23 GMT+8

BizBeat Ep. 516: UK economy faces a long winter before spring comes

Updated 2022.11.02 09:23 GMT+8
CGTN

The UK manufacturing PMI fell to a 29-month low of 46.2 in October, the third consecutive month of contraction. Under intense pressure from political uncertainty, high inflation and skyrocketing energy costs, the UK's central bank is expected to raise its benchmark lending rate even higher by 75 basis points on Thursday, the highest in 33 years. How would the effects of that impact people's livelihood? In this episode of BizBeat, CGTN's Michelle Van den Bergh explains.

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