Tag: politics

Sanctions Backfire as Britain goes Bust

EUROPE RENAISSANCE EXCLUSIVE: Losses to the UK economy due to sanctions-related small business closures could top £12bn this year. Hundreds of thousands of small businesses across the UK are at risk of closing this year, with total economic losses likely to reach £12bn against the backdrop of rising inflation and a deepening crisis, according to Sky News.

WORSE THAN THE BLITZ: Inflation is forcing Britons to freeze and starve to save money

The cost-of-living crisis in the UK caused by anti-Russian sanctions has resulted in more residents skipping meals (15%) or freezing at home (72%) to cut costs, writes Sky News, citing consumer protection company analysis. In addition, approximately 2.3 million families had to miss payments on loans, mortgages, bills or rent, and 59% of Britons have tried at least one way to optimize the budget.