UK Economy Stagnant in Q3 2024 Amidst Recession Fears and Budgetary Changes
The UK economy stagnated in Q3 2024, with 0% GDP growth due to decreased services and production, fueled by recession fears and the Labour government's Autumn Budget changes increasing employer NICs, impacting business investment and hiring, and potentially requiring government intervention in 2025.
UK Economy Stagnant in Q3 2024 Amidst Recession Fears and Budgetary Changes
The UK economy stagnated in Q3 2024, with 0% GDP growth due to decreased services and production, fueled by recession fears and the Labour government's Autumn Budget changes increasing employer NICs, impacting business investment and hiring, and potentially requiring government intervention in 2025.
Progress
48% Bias Score
UK Economy Stagnates, Raising Recession Fears
Britain's economy showed zero growth in the third quarter of 2024, according to the Office for National Statistics, raising concerns about a potential recession under the new Labour government, while business confidence is at its lowest point of 2024, and household savings are being depleted.
UK Economy Stagnates, Raising Recession Fears
Britain's economy showed zero growth in the third quarter of 2024, according to the Office for National Statistics, raising concerns about a potential recession under the new Labour government, while business confidence is at its lowest point of 2024, and household savings are being depleted.
Progress
52% Bias Score
Brexit Cost UK £27 Billion in First Two Years: Study
The UK's exit from the EU's single market and customs union resulted in a £27 billion ($34 billion) loss in trade over two years, primarily affecting small businesses, while larger businesses maintained pre-Brexit trade levels; this is less than initially projected but talks to update trade agreemen...
Brexit Cost UK £27 Billion in First Two Years: Study
The UK's exit from the EU's single market and customs union resulted in a £27 billion ($34 billion) loss in trade over two years, primarily affecting small businesses, while larger businesses maintained pre-Brexit trade levels; this is less than initially projected but talks to update trade agreemen...
Progress
36% Bias Score
Amcomri's Successful IPO Boosts London's AIM Market
Amcomri, a specialist engineering firm, raised £12 million in its initial public offering (IPO) on London's AIM market, marking a positive event for the market which recently reached its smallest size in 23 years, while broader market trends saw mixed results, with some sectors experiencing gains an...
Amcomri's Successful IPO Boosts London's AIM Market
Amcomri, a specialist engineering firm, raised £12 million in its initial public offering (IPO) on London's AIM market, marking a positive event for the market which recently reached its smallest size in 23 years, while broader market trends saw mixed results, with some sectors experiencing gains an...
Progress
48% Bias Score
Kretinsky's Royal Mail Takeover Approved, Raising Financial and Security Concerns
The UK government approved Daniel Kretinsky's £3.6 billion takeover of Royal Mail on Friday, despite concerns about his Russian business ties and the deal's financing, requiring 75 percent shareholder approval and including guarantees to protect the postal service.
Kretinsky's Royal Mail Takeover Approved, Raising Financial and Security Concerns
The UK government approved Daniel Kretinsky's £3.6 billion takeover of Royal Mail on Friday, despite concerns about his Russian business ties and the deal's financing, requiring 75 percent shareholder approval and including guarantees to protect the postal service.
Progress
40% Bias Score
Weak UK Retail Sales in November Despite Early Black Friday Discounts
Great Britain's November retail sales rose a meager 0.2% month-on-month, defying economists' 0.5% prediction and highlighting weak consumer spending; clothing sales plummeted 2.6%, hitting a low since January 2022, while food and household goods showed modest growth.
Weak UK Retail Sales in November Despite Early Black Friday Discounts
Great Britain's November retail sales rose a meager 0.2% month-on-month, defying economists' 0.5% prediction and highlighting weak consumer spending; clothing sales plummeted 2.6%, hitting a low since January 2022, while food and household goods showed modest growth.
Progress
16% Bias Score
UK Budget Measures Threaten Family-Run Construction Firms
The Construction Plant-hire Association (CPA) warns that the UK government's budget will "fatally undermine" family-run construction companies due to changes in Business Property Relief and Inheritance Tax, impacting investment, hiring, and expansion plans, and potentially jeopardizing the governmen...
UK Budget Measures Threaten Family-Run Construction Firms
The Construction Plant-hire Association (CPA) warns that the UK government's budget will "fatally undermine" family-run construction companies due to changes in Business Property Relief and Inheritance Tax, impacting investment, hiring, and expansion plans, and potentially jeopardizing the governmen...
Progress
48% Bias Score
UK GDP Growth Revised Down to Zero for Q3 2024
The UK's GDP experienced zero growth in Q3 2024, a downward revision from 0.1% growth, with the services sector stagnant and construction gains offset by production decline; the Q2 growth was also revised down to 0.5%.
UK GDP Growth Revised Down to Zero for Q3 2024
The UK's GDP experienced zero growth in Q3 2024, a downward revision from 0.1% growth, with the services sector stagnant and construction gains offset by production decline; the Q2 growth was also revised down to 0.5%.
Progress
48% Bias Score
Retailers Unite Against Planned Business Rate Hikes
Major British retailers are forming the Retail Jobs Alliance (RJA) to fight planned business rate increases exceeding £500,000, warning of job losses and store closures, especially in deprived areas, contradicting Labour's stated aim to level the playing field between high street and online retailer...
Retailers Unite Against Planned Business Rate Hikes
Major British retailers are forming the Retail Jobs Alliance (RJA) to fight planned business rate increases exceeding £500,000, warning of job losses and store closures, especially in deprived areas, contradicting Labour's stated aim to level the playing field between high street and online retailer...
Progress
60% Bias Score
Bank of England Downgrades UK Growth Forecast to Zero, Blaming Labour's Budget
The Bank of England slashed its UK growth forecast to zero for the final quarter of 2024, blaming Chancellor Rachel Reeves's £25 billion National Insurance hike for crushing business confidence and potentially triggering a recession; pre-Budget growth was described as 'gangbusters'.
Bank of England Downgrades UK Growth Forecast to Zero, Blaming Labour's Budget
The Bank of England slashed its UK growth forecast to zero for the final quarter of 2024, blaming Chancellor Rachel Reeves's £25 billion National Insurance hike for crushing business confidence and potentially triggering a recession; pre-Budget growth was described as 'gangbusters'.
Progress
68% Bias Score
UK Debt Falls to Three-Year Low in November
In November, UK government borrowing fell to £11.2bn, defying forecasts of £13bn and marking the lowest November figure since 2019, owing to lower interest payments (£3bn) and higher tax receipts, offering Chancellor Rachel Reeves temporary respite from budget criticism.
UK Debt Falls to Three-Year Low in November
In November, UK government borrowing fell to £11.2bn, defying forecasts of £13bn and marking the lowest November figure since 2019, owing to lower interest payments (£3bn) and higher tax receipts, offering Chancellor Rachel Reeves temporary respite from budget criticism.
Progress
48% Bias Score
UK Retail Sales Underwhelm in November Despite Black Friday
UK retail sales rose a smaller-than-expected 0.2% in November, despite Black Friday discounts, due to a sharp drop in clothing sales and tough trading conditions; sales remain below pre-pandemic levels.
UK Retail Sales Underwhelm in November Despite Black Friday
UK retail sales rose a smaller-than-expected 0.2% in November, despite Black Friday discounts, due to a sharp drop in clothing sales and tough trading conditions; sales remain below pre-pandemic levels.
Progress
20% Bias Score