Tag #Uk Economy

Showing 121 to 132 of 697 results

dailymail.co.uk
🌐 85% Global Worthiness
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UK Cash Usage Decline Creates Two-Tier Society, Report Warns

A UK Treasury Committee report reveals a 31% fall in ATM withdrawals since 2019, highlighting the disproportionate impact on vulnerable groups facing higher costs due to reduced cash acceptance; the report suggests potential government regulation to ensure continued access to cash.

Progress

52% Bias Score

No Poverty
dailymail.co.uk
🌐 85% Global Worthiness
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UK Faces Economic Headwinds Amidst Wealth Exodus and Increased Savings

Labour's tax hikes are causing an 11,000-millionaire exodus (dubbed 'Wexit') while simultaneously prompting increased middle-class savings in Cash ISAs; EY Item Club forecasts 0.8% UK growth this year, down from 1% in February.

Progress

68% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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UK Over-60s Hold Nine Times More Housing Wealth Than Under-35s

New data reveals that Britain's over-60s hold £2.89 trillion of housing wealth—nine times more than those under 35—due to longer financial lifetimes, house price appreciation, and lower mortgage debt, creating significant intergenerational equity concerns.

Progress

48% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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UK Warehouse Boom Creates 'Berlin Wall' Effect for Corby Residents

Residents of Corby, UK, are protesting the construction of massive warehouses near their homes, citing negative impacts on sunlight, property values, and quality of life, despite a court's rejection of their appeal and resulting in significant legal fees.

Progress

68% Bias Score

Sustainable Cities and Communities
theguardian.com
🌐 85% Global Worthiness
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UK to Review Import Tax Rules to Counter Cheap Chinese Imports

UK reviews import tax rules for goods under £135 to combat Chinese companies undercutting British retailers following pressure from major retailers such as Sainsbury's and Next who have highlighted that the tax break has been hijacked by fast-growing retailers such as Shein and Temu.

Progress

56% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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IMF Downgrades UK Growth Forecast Amid Trump Tariff Fallout

The IMF slashed Britain's growth forecast to 1.1 percent for 2025 and 1.4 percent for 2026, blaming Trump's tariffs, higher inflation, and increased consumer bills; this negatively impacts Chancellor Reeves's fiscal plans and highlights the global economic consequences of the trade war.

Progress

60% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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Treasury Committee Report Warns of UK's Declining Cash Acceptance Impacting Vulnerable Groups

A Treasury Committee report warns that the UK's declining cash acceptance disproportionately harms vulnerable groups, including the poor, elderly, disabled, and victims of economic abuse, urging a government review to prevent a two-tiered society.

Progress

64% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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UK Poverty Costs Economy £38.2 Billion Annually, Trussell Trust Report Reveals

The Trussell Trust reports that the UK economy loses £38.2 billion annually due to high poverty levels, largely attributed to government policies like benefit cuts and the two-child limit, impacting tax revenue, social security, and public services; abolishing the two-child limit could save over £3 ...

Progress

44% Bias Score

No Poverty
dailymail.co.uk
🌐 85% Global Worthiness
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UK Faces Wave of Business Insolvencies Amidst Tax Hikes and Tariffs

The number of British companies going bankrupt increased by 9% in March 2025 to almost 2000, with a 13% rise in financially distressed firms in Q1, largely impacting hospitality and tourism due to higher taxes and US tariffs, suggesting a potential new wave of insolvencies.

Progress

48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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Nissan Forecasts Record \£4 Billion Loss Amidst Restructuring

Nissan drastically revised its financial forecast, projecting a net loss of \¥700-750 billion (\£3.7-4 billion) for 2024-25 due to restructuring costs and sales slumps in major markets like China and the US, prompting a cost-cutting plan involving potential plant closures and job cuts under new CEO ...

Progress

40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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IMF Downgrades UK Growth Forecast to 1.1%, Citing Domestic Factors

The IMF downgraded the UK's growth forecast to 1.1 percent, citing domestic factors such as increased utility bills and government borrowing costs as the primary reasons, while also noting the impact of global uncertainty and tariffs.

Progress

48% Bias Score

No Poverty
news.sky.com
🌐 85% Global Worthiness
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UK Government Saves 2,700 British Steel Jobs

The UK government's takeover of British Steel averted the loss of up to 2,700 jobs at its Scunthorpe plant, which was facing closure due to financial instability caused by market conditions, tariffs, and the shift to lower-carbon production; the government's intervention secured raw materials and ap...

Progress

44% Bias Score

Decent Work and Economic Growth

Showing 121 to 132 of 697 results