Former finance boss Rishi Sunak becomes British PM, inherits economy in tatters | The Citizen

The S&P Global/ CIPS flash UK composite purchasing managers index stood at 47.2 in October, below September’s level of 49.1.The UK is not alone, however, with separate S&P data pointing to “impending recession” in Germany, Europe’s biggest economy.Truss resigned last Thursday after just 44 days as prime minister. She had succeeded Boris Johnson on September 6 after a weeks-long campaign against Tory rival Sunak.

“As well as the recovery in sterling and the reduced cost of government borrowing , Sunak will be pleased to see European gas prices” falling.is set to unveil another bumper interest-rate hike at a regular policy meeting next week. “The political and economic uncertainty of the past few months has been hugely damaging to British business confidence and must now come to an end,” she said in a statement after Sunak’s new position was confirmed.

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Four ways companies can strengthen their boards to make it through tough economic times - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Data from Statistics South Africa show that business liquidations increased by 44.8% in the year to August 2022. The data also shows that in June 2022 there were 145 liquidations (compared to 132 in June 2021) and that the number of bankruptcies in South Africa increased to 165 in July 2022 and to 239 in August 2022.
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