Britain's financial regulators would face more scrutiny from Parliament over their policies for consumers and the economy under proposals from members of the House of Lords.

After China's reopening and a series of positive data surprises in recent weeks, economists are revising their previously pessimistic outlooks for the global economy.

Inflation in the euro zone dropped for a second consecutive month in December, according to preliminary data from the European statistics agency, Eurostat. Headline inflation, which includes food and energy costs, came in at 9.2% year-on-year in December. Inflation rates in November contracted slightly for the first time since June 2021, representing a headline inflation rate of 10.1%. This is a positive sign for the economy, as it indicates that prices are beginning to stabilize after months of increases.

Economists anticipate that the economic downturn in the United Kingdom in 2023 will be nearly as severe as that of Russia, due to a significant decrease in the standard of living for households that will have a negative effect on the economy.

The real estate market in London is preparing for a major turning point in 2023, after a period of instability that has hindered the influx of foreign capital that used to come to the city.