Tag #Uk Economy

Showing 121 to 132 of 561 results

dailymail.co.uk
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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
dailymail.co.uk
🌐 75% Global Worthiness
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Reeves' Failed Economic Strategy Forces Emergency Budget

Facing criticism for her economic policies, UK Shadow Chancellor Rachel Reeves must implement an emergency budget to address declining employment, economic growth, and business confidence, all consequences of her initial plans.

Progress

68% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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UK Spring Statement: Welfare Cuts, Slow Growth, and Investment Focus

Chancellor Rachel Reeves's spring statement reveals a 1% economic growth forecast (down from 2%), 250,000 more people in relative poverty due to welfare cuts, and a focus on investment in defense and productivity-enhancing projects amid potential global trade conflicts.

Progress

40% Bias Score

Reduced Inequality
politico.eu
🌐 75% Global Worthiness
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UK Growth Forecast Halved; Welfare Cuts Announced

The British economy's growth forecast for 2025 has been halved to 1 percent, prompting Chancellor Rachel Reeves to announce further cuts to state spending, including welfare, to balance the budget, impacting 3.2 million families by 2029/30 with an average loss of £1,720 per year.

Progress

44% Bias Score

Reduced Inequality
bbc.com
🌐 65% Global Worthiness
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UK Military Tech Spend Boosts Wales, but PIP Changes Draw Ire

Chancellor Rachel Reeves announced a £2.2 billion increase in UK defense spending, benefiting Welsh defense businesses, alongside stricter eligibility rules for Personal Independence Payments (PIPs) affecting over 275,000 working-age people in Wales, prompting criticism from opposition parties and d...

Progress

44% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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UK Consumer Spending Falls Amid Growing Economic Anxiety

A KPMG survey of 3,000 UK consumers reveals that 58% believe the economy is worsening, leading 43% to cut everyday spending, while the Office for Budget Responsibility is expected to halve its 2025 growth forecast in its upcoming report.

Progress

52% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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UK Spring Statement: Reduced Benefits, Rising Costs, and Inflation

The UK Spring Statement outlines a reduced Universal Credit increase to £106 weekly by 2029-30 for single claimants over 25, a halved health component at £50 for new claimants in 2026-27, a minimum wage rise to £12.21 per hour from April 1st, and an inflation projection of 3.2% this year.

Progress

52% Bias Score

No Poverty
dailymail.co.uk
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Reeves Announces £15 Billion in Cuts Amidst Faltering Economy and Public Backlash

Facing a credibility crisis, Chancellor Rachel Reeves blames global factors for Britain's faltering economy, announcing £15 billion in cuts amid gloomy forecasts and public disapproval; polls show 53% of voters believe Labour lied about economic plans, and 31% blame Labour for the crisis.

Progress

68% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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ONS Wage Data Revision Needed Due to Late Employer Submission

The UK's Office for National Statistics (ONS) announced that its key wage growth data needs revision due to late data submission from a large employer, impacting the accuracy of economic indicators used by policymakers, including the Bank of England and the government.

Progress

28% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 75% Global Worthiness
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UK Growth Forecast Cut to 1% for 2025

The UK's Office for Budget Responsibility (OBR) lowered its 2025 economic growth forecast to 1%, impacting Chancellor Rachel Reeves's economic plans; however, the OBR projects stronger growth in later years due to government reforms, but risks remain due to global economic uncertainties.

Progress

48% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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Brexit's Colossal Economic Harm to the UK

Brexit has cost the UK economy an estimated 5% of its GDP, impacting various sectors, and the government's refusal to address this hinders economic growth; while some minor agreements are being explored, they are unlikely to fully offset the economic damage.

Progress

48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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UK Faces £15 Billion Spending Cuts Amidst Bleak Growth Forecast

Facing a £15 billion budget shortfall due to stalling growth and US tariffs, Chancellor Rachel Reeves plans spending cuts to balance the UK budget, while the Bank of England promotes AI to boost productivity.

Progress

52% Bias Score

Decent Work and Economic Growth

Showing 121 to 132 of 561 results