Britain's economic situation
ISPR requests not to get misled by rumours over security of St. Martin’s
Inter Services Public Relation Directorate (ISPR) has urged all not to be misguided by rumours spreading through social media over the security of St. Martin’s island centering Myanmar's ongoing internal conflict near the island.
Who is becoming the next PM amid the political instability in Britain?
Britain is a rare country among developed nations. It has a higher number of inactive individuals compared to the time before the pandemic. One of the main reasons for this is the increase in the number of chronically ill individuals in the country over the long term. In comparison to the coalition of wealthy countries like the OECD, the United Kingdom is lagging behind in terms of labor force participation. Consequently, workers may be able to demand higher wages. But if the policy interest rate increases, the unemployment rate may also increase. According to OECD sources, the tax rate in the United Kingdom is lower compared to other European Union countries, although it is higher than that of the United States. Britain's tax rate is currently 33.5 percent. Although it could rise to 36.8 percent in 2027-28. Among other European countries, France's tax rate is 45.2 percent, Germany's is 39.5 percent.
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