UK Finance Minister Says Brexit and Austerity Hit Economy Harder Than Expected

The finance minister reports the economic consequences of Brexit and austerity measures have exceeded initial forecasts.

148d ago

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Terms & Concepts

Brexit: The withdrawal of the United Kingdom from the European Union, which occurred on January 31, 2020, with economic and political implications.
Austerity: Government policies aimed at reducing public spending and budget deficits, often through spending cuts or tax increases.