Tag #Uk Economy

Showing 109 to 120 of 1,018 results

thetimes.com
🌐 75% Global Worthiness
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UK's 'Fiscal Drag' Policy Impacts Millions of Taxpayers

The UK government's continued use of 'fiscal drag,' where inflation pushes incomes into higher tax brackets, has led to millions more paying higher income tax, impacting middle- and lower-income groups and pensioners, while also significantly increasing inheritance tax.

Progress

60% Bias Score

Reduced Inequality
tr.euronews.com
🌐 85% Global Worthiness
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Brexit Spurs British Luxury Spending Shift to EU

Post-Brexit, British luxury spending in the EU surged to €854 million in 2024 from €169 million in 2021 due to VAT-free shopping, impacting UK tourism and luxury sectors negatively.

Progress

52% Bias Score

Responsible Consumption and Production
thetimes.com
🌐 75% Global Worthiness
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UK Inflation Forecast Fuels Pension Crisis

The Bank of England predicts UK inflation will peak at 4% in September 2024, forcing a £2.1 billion increase in state pension costs to uphold the 'triple lock' promise, adding to the government's existing £50 billion fiscal deficit and potentially leading to pensioners paying income tax on their pen...

Progress

44% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Bank of England to Cut Interest Rates Amid Economic Slowdown

The Bank of England is expected to cut interest rates by 0.25 percentage points to 4 percent today, its fifth cut since August 2023, due to a sluggish UK economy with 4.7 percent unemployment and slowing wage growth.

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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Bank of England Poised for Fifth Interest Rate Cut Amid Economic Uncertainty

The Bank of England is likely to cut interest rates by 0.25% on Thursday, its fifth reduction in a year, to alleviate pressure on households and businesses amid a slowing economy, rising unemployment, and inflation above target, despite internal divisions on the best course of action.

Progress

44% Bias Score

Decent Work and Economic Growth
news.sky.com
🌐 85% Global Worthiness
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Bank of England Cuts Interest Rates Amidst Rising Inflation

The Bank of England unexpectedly cut interest rates to 4% for the fifth time this year, despite predicting inflation will jump to 4% in September due to soaring food prices (potentially 5.5% increase), causing a split vote among committee members; households with £140,000 variable mortgages will sav...

Progress

40% Bias Score

Zero Hunger
bbc.com
🌐 65% Global Worthiness
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Padel Courts Outperform Potatoes: Yorkshire Farmer Finds Profitable Diversification

Yorkshire farmer Callum Stark converted a potato storage warehouse into two fully booked padel courts due to low potato prices, highlighting the financial challenges in farming and the potential for alternative income streams; the courts are expected to pay for themselves within a year.

Progress

48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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UK Labour Government Plans Major Tax Increases Amidst Growing Fiscal Deficit

The UK Labour government is planning significant tax increases in the upcoming autumn Budget to address a large fiscal deficit, estimated to be around £50 billion, resulting from increased spending and slow economic growth under the current administration.

Progress

64% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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River Island to Close 33 UK Stores Amid Financial Restructuring

River Island, facing multi-million pound losses due to online shopping shift and high operating costs, will close 33 UK stores, cut 110 head office jobs, and reduce rents at 71 branches starting in January 2026, securing £54m in funding to avoid insolvency.

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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Bank of England Cuts Rates Amid Inflationary Fears

The Bank of England cut interest rates by 0.25% to 4%, the lowest since March 2023, in a closely contested 5-4 vote, amid concerns about weak economic growth and rising inflation driven by soaring food prices and government policies.

Progress

32% Bias Score

Zero Hunger
theguardian.com
🌐 85% Global Worthiness
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Bank of England Cuts Interest Rates Amid Inflationary Concerns

The Bank of England cut interest rates by 0.25 percentage points to 4%, despite projecting inflation to peak at 4% in September 2025 due to rising food, energy, and service costs, and concerns about wage growth exceeding the target of 3.25%.

Progress

52% Bias Score

Reduced Inequality
bbc.com
🌐 85% Global Worthiness
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UK Government in Dispute with Jingye Over British Steel Sale

The UK government is negotiating with Jingye, the Chinese owners of British Steel, over the sale of the Scunthorpe steelworks after Jingye demanded hundreds of millions of pounds; negotiations are ongoing, with the government considering the public interest alongside taxpayer funds.

Progress

52% Bias Score

Decent Work and Economic Growth

Showing 109 to 120 of 1,018 results