The new UK government issued a warning on Sunday (November 13) about the upcoming tax increase, particularly for the wealthy ones, as the administration aims to repair the economic damage caused by the Truss administration.

UK Finance Minister Jeremy Hunt warns of tax hikes to cope with inflation after Truss fiasco

Nearly a quarter of million more Britishers might find themselves subjected to pay the high rate of income taxation as per the new plans unveiled by the UK PM Rishi Sunak and Jeremy Hunt.

New plan by UK PM Sunak and Jeremy Hunt will make over 200,000 Britishers pay tax

After the Bank of England's intervention in addressing the instability in the financial markets, the new Prime Minister, Truss, is under immense pressure from Conservative MPs to fire Kwasi Kwarteng immediately or face a mutiny.

Conservative MPs warn UK PM Liz Truss to fire British Chancellor Kwasi Kwarteng or face mutiny

Over 1,900 workers of Britain’s busiest container port will begin their eight-day strike on Sunday (August 21), their union and shipping companies have warned that the strike could have a negative impact on the supply and trade chain of the country.

After bus and rail workers, Felixstowe port staff to begin their eight-day strike

Europe continues to battle rising fuel prices and inflation. The UK shop price inflation soar to its highest level in nearly 17 years. Prices went up by 4.4% when compared to July last year due to rising cost of fertilizer, animal feed and transport.

UK: Highest shop price inflation in nearly 17 years