Tag #Uk Economy

Showing 133 to 144 of 561 results

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
theguardian.com
🌐 85% Global Worthiness
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UK Chancellor Faces Soaring Borrowing Costs in Spring Statement

UK Chancellor Rachel Reeves will present her spring statement on Wednesday, grappling with soaring government borrowing costs exceeding £100bn annually, a consequence of high debt levels and global economic uncertainty, forcing difficult budgetary choices.

Progress

36% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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Reeves Promises Economic Improvement Amid Spending Cuts and Potential Tax Changes

UK Chancellor Rachel Reeves announced plans to cut government running costs by 15% and 10,000 civil service jobs, hinted at scrapping a digital services tax to avoid US tariffs, and faces criticism for welfare cuts amid a pledge to improve living standards.

Progress

44% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Reeves Faces Tough Choices Amidst Worsening UK Economic Forecast

Facing a worsening economic forecast and pressure to increase defense spending, Chancellor Rachel Reeves will announce further public spending cuts in her Spring Statement this Wednesday, impacting disability benefits and potentially worsening child poverty and public service provision.

Progress

56% Bias Score

No Poverty
theguardian.com
🌐 85% Global Worthiness
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UK Living Standards Set to Fall by 2030

New data reveals a projected £1,400 drop in average UK family income by 2030, with the lowest earners experiencing a 6% decline, challenging Labour's economic promises and coinciding with government spending cuts.

Progress

52% Bias Score

No Poverty
dailymail.co.uk
🌐 75% Global Worthiness
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UK Borrowing Soars, Forcing Spending Cuts

UK public sector borrowing hit £132.2 billion, £20.4 billion above forecasts, forcing Chancellor Rachel Reeves to seek drastic spending cuts ahead of the Spring financial statement, despite pledges to improve public services.

Progress

64% Bias Score

Reduced Inequality
news.sky.com
🌐 85% Global Worthiness
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UK Banks and Which? Demand Urgent Action on £1.2 Billion Online Fraud Epidemic

UK Finance and Which? urged the UK government to accelerate action against a £1.2 billion online fraud epidemic in 2023, criticizing insufficient action from tech companies and highlighting the severe psychological impact on victims.

Progress

40% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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UK Faces Economic Crisis: Government Aims for Fiscal Balance Amidst Long-Term Challenges

The UK faces a severe economic crisis with a national debt over 100% of GDP and persistent deficits since 1984; the government aims to balance day-to-day spending and tax revenues within five years through spending cuts and tax increases, but long-term reforms are crucial for sustainable growth and ...

Progress

52% Bias Score

No Poverty
bbc.com
🌐 75% Global Worthiness
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Rising Costs Force Derbyshire Restaurant Closure

Scott Farr, owner of the School House Restaurant in South Normanton, Derbyshire, is closing his restaurant on April 11th due to unsustainable rising operational costs, including increased minimum wages and supplier prices, despite working additional jobs to support his business.

Progress

40% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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UK Freezes £25 Billion in Russian Assets Amidst Ukraine War

The UK has frozen over £25 billion in Russian assets since February 2022, contributing to Russia's weakened financial position and forcing it to seek critical supplies from sanctioned states; this is part of a broader Western effort resulting in over $400 billion in losses for Russia.

Progress

36% Bias Score

Peace, Justice, and Strong Institutions
dailymail.co.uk
🌐 75% Global Worthiness
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UK Faces £10.7 Billion Borrowing Shortfall, Ruling Out Tax Hikes

The UK government's February borrowing totalled £10.7 billion, exceeding forecasts by £4.2 billion, forcing Chancellor Rachel Reeves to reject tax increases or increased spending to improve living standards ahead of her Spring Statement.

Progress

48% Bias Score

Reduced Inequality
news.sky.com
🌐 85% Global Worthiness
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UK Chancellor to Announce Spending Cuts Amidst Growth Downgrade

The UK Chancellor will announce a downgrade to economic growth forecasts and billions of pounds in spending cuts next week, despite pre-election promises to avoid austerity, due to a significant shift in the account balance from a £9.9bn surplus to a projected £4.4bn deficit.

Progress

56% Bias Score

Reduced Inequality

Showing 133 to 144 of 561 results