Tag #Uk Economy

Showing 145 to 156 of 561 results

forbes.com
🌐 85% Global Worthiness
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UK Cannabis Firm Dalgety Sees Rapid Growth Amidst Regulatory Uncertainty

Dalgety, a UK medical cannabis firm, invested £10 million and overcame extensive regulatory hurdles before commencing production, currently fulfilling 4,000 monthly prescriptions and planning substantial expansion to meet growing private market demand.

Progress

40% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 75% Global Worthiness
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UK Borrowing Surge Exceeds Forecasts, Pressuring Chancellor

The UK government's February borrowing totalled £10.7bn, exceeding forecasts by £4.2bn, placing increased pressure on Chancellor Rachel Reeves to implement spending cuts ahead of next week's Spring Statement.

Progress

40% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 65% Global Worthiness
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Wetherspoon Profits Fall Amid Rising Costs

JD Wetherspoon's operating profits fell 4.3 percent to £64.8 million in the first half of 2024 due to rising labor and utility costs, despite a 4.8 percent increase in like-for-like sales; the company's net debt increased to £703.5 million.

Progress

44% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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UK's COVID-19 Debt Crisis: Long-Term Economic and Social Impacts

The UK's COVID-19 response, including the £70 billion furlough scheme and increased social support, caused public sector debt to soar to nearly 110% of GDP by 2023, necessitating significant tax increases and impacting public services.

Progress

44% Bias Score

No Poverty
dailymail.co.uk
🌐 75% Global Worthiness
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Over Half of British Adults Reliant on State, Study Finds

A study by the Adam Smith Institute reveals that 52% of British adults rely on the state, either directly through benefits like Universal Credit and state pensions (18.9 million total) or indirectly through public sector jobs (5.9 million) or state-funded education (3 million), highlighting a growin...

Progress

68% Bias Score

No Poverty
dailymail.co.uk
🌐 75% Global Worthiness
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BoE Holds Base Rate at 4.5% Amid High Wage Growth

The Bank of England's Monetary Policy Committee voted to hold the base interest rate at 4.5%, against market predictions of a cut, citing persistent 5.9% wage growth as a key concern despite slow economic growth; Yorkshire Water was fined £40 million for sewage overflow failings.

Progress

52% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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UK Chancellor Faces Pressure to Breach Fiscal Rules

UK Chancellor Rachel Reeves will present her spring statement next week, facing pressure to breach her fiscal rules due to rising borrowing costs, weak economic growth, and stubborn inflation; experts warn against kneejerk reactions and suggest a more flexible approach.

Progress

56% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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Errors in UK Producer Price Indices Impact GDP Estimates

The UK's Office for National Statistics (ONS) announced errors in its producer price indices (PPI and SPPI), impacting GDP estimates for 2022 and 2023, due to flaws in chain-linking methods since 2008; the ONS is pausing data release until summer.

Progress

32% Bias Score

Decent Work and Economic Growth
politico.eu
🌐 85% Global Worthiness
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Bank of England Holds Interest Rate Amid Inflation, Global Uncertainty

The Bank of England maintained its key interest rate at 4.5 percent on Thursday, citing persistent inflation and global uncertainty stemming from U.S. policies, contrasting with Europe's projected growth and Germany's increased spending.

Progress

52% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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UK High Street Closures to Rise in 2025 Amidst Rising Costs

UK high street store closures fell to 12,800 in 2024, down from 13,000 in 2023, but rising business costs are predicted to increase closures in 2025, driven by tax increases and minimum wage hikes, impacting consumer spending and new store openings.

Progress

44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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Investment Fund Reports Fail to Inform UK Investors

A report by The Investing and Saving Alliance (TISA) finds that 80% of investors ignore fund performance data due to its complexity, hindering the UK government's investment growth strategy and disproportionately impacting women (85%) and ethnic minorities (94%).

Progress

48% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Fed Holds Rates as UK Growth Forecasts Fall, Inflation Rises

The US Federal Reserve held interest rates steady at 4.25-4.50%, while UK GDP growth forecasts were cut to 1% for 2023 and inflation expectations rose to 3%, creating economic uncertainty.

Progress

48% Bias Score

Decent Work and Economic Growth

Showing 145 to 156 of 561 results