Tag #Uk Economy

Showing 1 to 12 of 561 results

theguardian.com
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Labour's Growing Frustration with the Office for Budget Responsibility

The UK Labour Party's dissatisfaction with the Office for Budget Responsibility (OBR) has intensified following the Spring Statement, where OBR forecasts led to deeper-than-expected cuts to disability benefits (£4.8bn) and sparked internal debate about the OBR's role in the party's economic policy.

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64% Bias Score

Reduced Inequality
bbc.com
🌐 85% Global Worthiness
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UK Government Intervenes to Save Scunthorpe Steelworks, Highlighting Shift in Industrial Policy

The UK government intervened to prevent the closure of Scunthorpe steelworks, the last virgin steel producer in the UK, appointing new management to ensure its continued operation, citing national security concerns and a shift in policy to protect strategic industries, contrasting with previous relu...

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48% Bias Score

Industry, Innovation, and Infrastructure
bbc.com
🌐 85% Global Worthiness
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UK Government Saves British Steel from Closure

The UK government seized control of British Steel's Scunthorpe plant after a dispute with its Chinese owner, Jingye, securing emergency shipments of raw materials to keep its blast furnaces running for the coming weeks, preventing the loss of virgin steel production and safeguarding 2,700 jobs.

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52% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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Lloyds Banking Group Relaxes Mortgage Rules, Increasing Borrowing Capacity by £38,000

Lloyds Banking Group relaxed its mortgage rules, potentially increasing borrowing for typical households by £38,000 (13%), impacting its brands: Lloyds, Halifax, Bank of Scotland, and BM Solutions; this follows Santander's similar move last month, driven by reduced 'stress test rates', benefiting ho...

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52% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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UK Renationalizes British Steel, Signaling Return to Industrial Policy

The UK government has renationalized British Steel, signaling a return to industrial policy after decades of market-based approaches; this is due to the looming closure of Britain's last blast furnaces and recognition of steel's strategic importance for energy transition and supply chain security.

Progress

52% Bias Score

Industry, Innovation, and Infrastructure
dailymail.co.uk
🌐 75% Global Worthiness
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UK 5% Deposit Mortgages Surge to 17-Year High

The UK's 5% deposit mortgage market has seen a dramatic rise to 442 products—a 17-year high—with average interest rates at 5.62% (five-year fix) and 5.81% (two-year fix), driven by government incentives and lenders' strategies; however, negative equity risk remains a concern.

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40% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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Sainsbury's Forecasts Flat Profits Amidst Price War and Rising Costs

Sainsbury's, despite a £1 billion profit in the year to March 1st, anticipates flat profits this year due to a predicted price war and rising costs, prompting cost-cutting measures including warehouse closures and increased automation to save £650 million over two years.

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44% Bias Score

No Poverty
news.sky.com
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UK Government Secures Raw Materials to Prevent British Steel Plant Closure

The UK government has secured the raw materials to keep British Steel's Scunthorpe plant operating after the collapse of negotiations with Chinese owner Jingye, who allegedly planned to shut down the plant by halting raw material orders; three ships carrying materials are either docked or en route t...

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52% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
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B&M Shares Surge on Strong Sales Despite UK Slump

B&M European Value Retail's shares rose 3.8% to 310.5p on Tuesday after reporting £5.6 billion in sales for the year ending March 29, exceeding expectations despite a 3.1% drop in UK like-for-like sales, offset by growth in France and new store openings.

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36% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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UK Job Market Slowdown as Payroll Numbers and Vacancies Fall

UK payroll employment fell by 78,000 to 30.3 million in March 2023, and vacancies dropped by 26,000 to 781,000—below pre-pandemic levels—amid concerns over a looming tax increase and economic slowdown.

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48% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
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UK Government Takes Control of British Steel Plant to Secure Steel Production

The UK government took control of British Steel's Scunthorpe plant, securing essential materials to prevent its closure, safeguarding 2,700 jobs and maintaining the UK's virgin steel production capacity after negotiations with the Chinese owner Jingye failed.

Progress

44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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UK Government Seizes Control of British Steel

The UK government took control of British Steel's Scunthorpe plant from its Chinese owners, Jingye, after a Saturday parliamentary sitting, averting its closure and thousands of job losses; the Royal Navy's potential involvement in fuel delivery highlights the urgency of the situation.

Progress

60% Bias Score

Decent Work and Economic Growth

Showing 1 to 12 of 561 results