Tag #Spring Statement

Showing 1 to 12 of 23 results

bbc.com
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Labour's Internal Tax Dispute: Rayner's Department Urges £4bn Increase, Reeves Rejects

A leaked memo reveals Deputy Prime Minister Angela Rayner's department urged Chancellor Rachel Reeves for a £3bn-£4bn tax increase, a proposal Reeves rejected, opting for £5bn in welfare cuts instead, sparking internal Labour party tensions ahead of June's spending plans.

Progress

48% Bias Score

Reduced Inequality
nos.nl
🌐 75% Global Worthiness
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Dutch Government Increases Taxes, Delays Key Projects to Fund Railway

The Dutch government will increase income tax to fund the €1.9 billion Nedersaksen railway line, diverting funds from the Lelylijn and delaying other investments, including in healthcare; unemployment benefits will be reduced; and pressing issues like the nitrogen crisis are postponed until Prinsjes...

Progress

40% Bias Score

Reduced Inequality
bbc.com
🌐 85% Global Worthiness
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Reeves Faces Criticism Over Welfare Cuts in Wales

Chancellor Rachel Reeves's Spring Statement, which includes tightening Personal Independence Payment (PIP) eligibility rules affecting over 250,000 Welsh residents, has been criticised by Labour MP Steve Witherden who calls for a wealth tax instead, triggering discussions between the UK and Welsh go...

Progress

48% Bias Score

No Poverty
theguardian.com
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UK Chancellor Announces Spending Cuts Amid Economic Slowdown

Chancellor Rachel Reeves will announce significant spending cuts in her Wednesday spring statement due to rising borrowing costs and weakened economic growth; the OBR will release updated forecasts showing potential halving of 2025 growth forecast to 1%, following January's 0.1% economic shrinkage.

Progress

44% Bias Score

Reduced Inequality
theguardian.com
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UK Inflation Unexpectedly Falls to 2.8%

UK inflation fell to 2.8% in February, lower than the predicted 2.9%, mainly due to cheaper clothing, but further increases are expected due to rising energy and food prices and tax hikes.

Progress

44% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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UK Growth Forecast Cut to 1% for 2025

The UK's Office for Budget Responsibility (OBR) lowered its 2025 economic growth forecast to 1%, impacting Chancellor Rachel Reeves's economic plans; however, the OBR projects stronger growth in later years due to government reforms, but risks remain due to global economic uncertainties.

Progress

48% Bias Score

Decent Work and Economic Growth
nrc.nl
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Dutch Coalition Bypasses Ministers in Spring Statement Deal

The Dutch government finalized its Spring Statement after marathon negotiations between coalition parties, bypassing some ministers, resulting in potential budget cuts and tax increases to fund priorities like defense and the Emsland railway line, while details remain undisclosed pending official re...

Progress

44% Bias Score

Climate Action
nos.nl
🌐 75% Global Worthiness
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Dutch Coalition Budget Talks Amidst Rotterdam Marathon and Paris-Roubaix

Dutch coalition leaders meet today to discuss the spring budget, while the Rotterdam Marathon and Paris-Roubaix cycling race are underway. The morning weather will be cloudy with showers, giving way to drier conditions and sunshine from the west, with temperatures of 14-17 degrees Celsius.

Progress

16% Bias Score

Good Health and Well-being
news.sky.com
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UK Benefit Cuts to Leave Lower-Income Households £500 Poorer

The Resolution Foundation projects that lower-income UK households will be £500 poorer annually due to benefit cuts and a weak economic outlook, impacting the poorest 50% over five years, a drop only surpassed by the early 1990s recession and the 2008 financial crisis.

Progress

48% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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UK Inflation Eases to 2.8%, but Challenges Remain

UK inflation eased to 2.8% in February, down from 3% in January, according to the Office for National Statistics; Chancellor Rachel Reeves will announce over £10 billion in spending cuts in her Spring Budget to address a £22 billion deficit; Vistry Group reported a 35% drop in pre-tax profit.

Progress

40% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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Unexpected Drop in UK Inflation to 2.8% in February

UK inflation fell to 2.8% in February, lower than the expected 2.9%, primarily due to unusually high clothing sales that drove down prices for clothing and footwear, but this is still above the Bank of England's 2% target, with further price increases expected in April.

Progress

44% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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UK Spring Statement: Reduced Benefits, Rising Costs, and Inflation

The UK Spring Statement outlines a reduced Universal Credit increase to £106 weekly by 2029-30 for single claimants over 25, a halved health component at £50 for new claimants in 2026-27, a minimum wage rise to £12.21 per hour from April 1st, and an inflation projection of 3.2% this year.

Progress

52% Bias Score

No Poverty

Showing 1 to 12 of 23 results