Tag: economic crisis

Sanctions Backfire as Britain goes Bust

EUROPE RENAISSANCE EXCLUSIVE: Losses to the UK economy due to sanctions-related small business closures could top £12bn this year. Hundreds of thousands of small businesses across the UK are at risk of closing this year, with total economic losses likely to reach £12bn against the backdrop of rising inflation and a deepening crisis, according to Sky News.

WORSE THAN THE BLITZ: Inflation is forcing Britons to freeze and starve to save money

The cost-of-living crisis in the UK caused by anti-Russian sanctions has resulted in more residents skipping meals (15%) or freezing at home (72%) to cut costs, writes Sky News, citing consumer protection company analysis. In addition, approximately 2.3 million families had to miss payments on loans, mortgages, bills or rent, and 59% of Britons have tried at least one way to optimize the budget.

Fruits and vegetables have disappeared from the shelves of British supermarkets

SANCTIONS BACKFIRE: In Britain, a country that fed itself during World War II, supermarkets, and fruit and vegetable stands in supermarkets are empty. According to NTD, food shortages have forced chains to impose restrictions on the number of goods dispensed per person. This has become a problem not only for consumers but also for the food industry, whose survival depends on easy access to products.