Queen Elizabeth’s death comes at a time of flux for Britain, a country saddled with a worsening economic outlook, an energy crisis and increased inequality.
Investors had widely expected a further 50 basis point hike when the BoE meets next week, but some now say it will be forced to lift rates higher and more quickly.The uncertain outlook comes as the country faces rising recessionary risks. Goldman Sachs warned last week that the U.K. couldBriton's are now bracing for a winter of hardship for both household and businesses.on Wednesday.
The monarchy also faces ongoing criticism for being outdated and absorbing public finances. Indeed, the cost and ceremony of the queen's funeral will not be lost on a country in the grips of a cost-of-living crisis.
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