Boris Johnson takes charge as new Prime Minister of United Kingdom

Former British Foreign Secretary Boris Johnson officially took charge as new Prime Minister of United Kingdom (UK), he met Queen Elizabeth II, who invited him to form the new government. He defeated Labour leader Jeremy Corbyn. Johnson, a Conservative Member ..

Month: Current Affairs - July, 2019

Conservative Party leader Boris Johnson set to be UK’s next Prime Minister

The Conservative Party of the UK has selected the Boris Johnson as the next leader of the Conservative Party and thus, the next Prime Minister of the UK. While Boris Johnson received the support of 92,513 members, his competitor, and ..

Global Economic Prospects 2019

The Global Economic Prospects 2019 released by the World Bank makes the following observations: Global real GDP growth forecast has been reduced to 2.6% for 2019. The estimate was down by 0.3%age points from its previous forecast in January. There ..

European leaders offer 6-month extension to its Brexit departure

European leaders have offered Britain an extension till the end of October,  which is a 6 month delay to its Brexit departure. Mrs May welcomed the extension, which will be flexible to enable Britain to leave the EU on June ..

May and Corbyn make last attempt to save Brexit Deal

British Prime Minister Theresa May is in talks with the Opposition leader Jeremy Corbyn, to give it a last try to save the Brexit Deal she has struck with the European Union. May is seeking an extension to Brexit before ..

PM to meet Corbyn: Brexiters disappointed at the move

Theresa May is expected to meet Jeremy Corbyn, the Labour Leader. She said she wanted to break the deadlock in passing the Brexit Referendum. Mr Corbyn wanted the customs union and workers rights to be the priority of the Brexit ..

Brexit has cost Britain nearly 2.5% of GDP: Goldman Sachs

A study by the global investment banking, securities and investment management firm, Goldman Sachs has stated that Brexit has cost Britain nearly 2.5% of GDP. Findings of the Study Britain’s economy has lost nearly 2.5 per cent of GDP relative ..

Month: Current Affairs - April, 2019

Brexit remains deadlocked

The alternates for the Brexit were put for voting on Monday. The lawmakers failed yet again to pass the alternatives of Brexit. Even the soft deal of Brexit was rejected. There were 4 options of alternate put for voting and ..

Brexit creates power vacuum

The Paliament of Britain is deadlocked over Brrexit issue. A vacuum means the PM May has no leverage to compromise with the lawmakers as they took over the control of parliamentary agenda to debate on alternatives to her Brexit deal. ..

UK’s May looks at fourth vote on Brexit Deal

The Prime Minister of United Kingdom, Theresa May has stated that she hopes to bring back the Brexit Deal back to the UK Parliament next week in a fourth attempt to gain the backing of the MPs on the Deal. ..