Posted 11/12/2023, 6:00:00 AM
UK Faces Twin Challenge of Taming Inflation While Securing Growth Amid Global Headwinds
- Inflation dropping but growth remains sluggish as interest rate hikes take effect
- Tories under pressure to stimulate growth through tax cuts and oil/gas licensing
- UK still heavily reliant on fossil fuels; more North Sea drilling makes sense
- Semiconductors and rare earths vital for tech/EVs; supply concerns due to geopolitics
- Taming inflation painful but securing long-term growth amid geopolitics even tougher