Tag #Uk Economy

Showing 109 to 120 of 561 results

theguardian.com
🌐 75% Global Worthiness
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UK Government Faces £14 Billion Budget Deficit, Weighing Tax Hikes and Welfare Cuts

Facing a £14 billion budget shortfall, the UK government may need to increase taxes on pensioners and wealthier individuals, or implement further welfare reforms, due to insufficient impact of previous changes and global economic uncertainty.

Progress

56% Bias Score

No Poverty
dailymail.co.uk
🌐 75% Global Worthiness
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IFS Warns of High Risk of UK Budget Failure, Potentially Requiring Tax Hikes

The Institute for Fiscal Studies (IFS) warns that UK Chancellor Rachel Reeves's fiscal plans have only a 51-54% chance of success, necessitating potential tax hikes or spending cuts due to tight budget constraints and external economic shocks like potential US tariffs on car imports.

Progress

56% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 65% Global Worthiness
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Labour's Growth Plan: Defence Spending and Housing Reforms

Labour's Spring Statement outlines a plan to increase economic growth by raising defence spending by £2.2 billion (partially offset by reduced overseas development aid) and implementing planning reforms to increase housing construction, but faces challenges in both areas.

Progress

60% Bias Score

Industry, Innovation, and Infrastructure
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
theguardian.com
🌐 85% Global Worthiness
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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
🌐 85% Global Worthiness
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UK Economic Crisis: Austerity, Inequality, and the Need for Change

The UK faces a deepening economic crisis marked by falling living standards, austerity measures impacting the most vulnerable, and a lack of long-term economic vision. Proposed solutions, like a wealth tax, are met with resistance from the current government.

Progress

68% Bias Score

Reduced Inequality
news.sky.com
🌐 75% Global Worthiness
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Sky News to Cut 2,000 Jobs Amid Shift to Digital Services

Sky News announced plans to cut 2,000 customer service jobs (7% of its workforce), closing three UK contact centers and impacting others, due to declining call volumes and a shift towards digital services, while investing millions in a new "center of excellence" in Livingston.

Progress

48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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Labour's Budget Angers Business Leaders Amidst £7 Billion Cost Hike

Labour's recent budget has resulted in a £7 billion cost increase for retailers, prompting anger from business leaders who feel betrayed by the party's pro-business image; the OBR warns of negative economic impacts.

Progress

68% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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UK Chancellor Announces £4.8 Billion in Welfare Cuts Amidst Economic Uncertainty

In her spring statement, Chancellor Rachel Reeves announced £4.8 billion in welfare cuts impacting three million households, aiming to stabilize the UK's public finances but sparking criticism and a potential backbench rebellion within the Labour party due to concerns about increased poverty.

Progress

52% Bias Score

No Poverty
theguardian.com
🌐 85% Global Worthiness
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UK Councils Court Investors at MIPIM Amidst Austerity, Raising Inequality Concerns

At MIPIM 2024, UK councils aggressively competed for foreign investment in real estate, reflecting austerity measures and potentially exacerbating inequality as investor profits outweigh community benefits.

Progress

56% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Trump's Tariffs Pose 1% GDP Risk to UK

Donald Trump's plan to impose trade tariffs globally could shrink UK GDP by 1 percent and raise inflation by 0.6 percent by 2026-27, according to the Office for Budget Responsibility, prompting the UK government to seek mitigation strategies.

Progress

48% Bias Score

Decent Work and Economic Growth
politico.eu
🌐 85% Global Worthiness
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Trump's Trade War Could Slash UK GDP by 1 Percent

The U.K.'s Office for Budget Responsibility (OBR) warns that President Trump's potential global trade war could reduce UK GDP by up to 1 percent by 2026, impacting growth and increasing economic uncertainty.

Progress

36% Bias Score

Decent Work and Economic Growth

Showing 109 to 120 of 561 results