End of the Elizabeth era?
The death of Queen Elizabeth, UK's longest-reigning monarch, comes at a moment of great uncertainty for United Kingdom. A lot is happening in the UK. The Kingdom's inflation had hit double digits for the first time in 40 years; consumer prices rose 10.1% from a year ago. As inflationary pressure moves beyond energy into food costs, the Brits are struggling, and it's expected that many could have a tough time to make ends meet. Rising food prices made the largest upward contribution to annual inflation rates between this June and July, and the Bank of England expects inflation to top out at 13.3% in October 2022. It's a grim scene at supermarkets — they had to pass on price increases from suppliers — contending with the unprecedented inflation in raw material and ingredient costs. The Bank of England has implemented six consecutive hikes to interest rates as it looks to rein in inflation, earlier the Bank had launched its largest single increase since 1995 while pr