UK manufacturing output fell to the lowest level since May 2020, the newspaper reported. Times.
According to the newspaper’s report, indicators decreased in twelve of the fourteen main sectors of production in October.
According to a spokesperson for Lloyds Banking Group, the cause was a combination of “domestic problems and global trends”.
Earlier British Prime Minister Rishi Sunak wrote in The Telegraph suggested A plan to help minimize the Russian Federation’s impact on the global economy.
The politician noted that the West should continue to help countries in need, including Ukraine, to take measures to prevent hunger in the winter.
Sunak emphasized that the grain supply should be maintained over the Black Sea, and that other states should increase their food production or start using their stocks.
According to the British prime minister, the West also needs to get rid of its dependence on Russian energy sources and stick to promoting free markets and an open global economy.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.