Tag #Uk Economy

theguardian.com
🌐 85% Global Worthiness
News related image

Brexit's Two-Year Trade Impact: Smaller Firms Hit Hardest

Brexit cost the UK £27 billion in reduced trade with the EU in two years, less than initially predicted; large firms adapted, but over 14,000 smaller businesses stopped trading with the EU due to new barriers.

Progress

40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
News related image

Chemring Shares Plummet Despite Record Order Book

Chemring, a British defense group, saw its share price fall 13% despite a record £1 billion order book, due to operational issues at its Tennessee plant, which impacted profit margins despite a rise in annual revenue to £510.4 million.

Progress

48% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
News related image

Economists Warn City Expansion Threatens UK Economic Stability

Fifty economists warned that expanding the City of London's financial sector, as proposed by the Chancellor and Rachel Reeves, risks undermining economic growth and stability, citing evidence suggesting that beyond a certain threshold, financial sector growth harms the wider economy, echoing concern...

Progress

52% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
News related image

Křetínský's Royal Mail Takeover Approved: Lockers and Service Changes Planned

Czech billionaire Daniel Křetínský's takeover of Royal Mail's owner has been approved, with plans to invest in delivery lockers and maintain the universal service obligation, despite proposed reductions in second-class letter deliveries and potential job losses. The acquisition follows years of chal...

Progress

32% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 65% Global Worthiness
News related image

Christmas Dinner Costs Less in 2024 Despite Root Vegetable Price Rises

A family Christmas dinner will cost £31.66 in 2024, down from £32.18 in 2023, due to lower turkey and sprout prices, despite increases in root vegetables caused by wet weather delaying planting. Aldi is the cheapest supermarket option.

Progress

32% Bias Score

Zero Hunger
theguardian.com
🌐 85% Global Worthiness
News related image

Canal+'s £4.99bn London IPO boosts struggling Stock Exchange

Canal+'s multibillion-pound stock market debut in London on Monday, the largest new listing in two years, is a boost for the London Stock Exchange after a string of high-profile departures and is intended as a springboard for its expansion into a European streaming champion.

Progress

48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
News related image

Royal Mail Golden Share Deal Raises Concerns

Czech billionaire Daniel Kretinsky acquired a stake in Royal Mail through a deal with the UK government involving a 'golden share', raising concerns about the protection of British interests and the strategic use of such shares; separately, the Ministry of Defence paid £6bn to regain control of 36,0...

Progress

68% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
News related image

UK Government Approves Royal Mail Sale to Czech Billionaire

The UK government approved the £3.6 billion sale of Royal Mail to Daniel Kretinsky's EP Group, including worker concessions and a government "golden share", despite recent service failures and Ofcom fines, aiming to modernize the service and improve profitability.

Progress

32% Bias Score

Decent Work and Economic Growth
cnn.com
🌐 85% Global Worthiness
News related image

Royal Mail Sold to Czech Billionaire, Commitments Made to Secure UK Operations

Czech billionaire Daniel Křetínský's EP Group will buy Royal Mail for £3.6 billion, committing to keep its UK headquarters and tax residency for five years, maintain its universal service obligation, and negotiate with unions; this follows years of losses and unmet delivery targets for the postal se...

Progress

40% Bias Score

Decent Work and Economic Growth
china.org.cn
🌐 75% Global Worthiness
News related image

UK Private Sector Faces Steepest Job Cuts in Nearly Four Years

Britain's private sector experienced its steepest job cuts in nearly four years during December 2024, according to S&P Global Flash UK PMI data, with service sector job losses the most significant due to unfilled vacancies and increased employment costs; while the Composite Output Index remained at ...

Progress

48% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
News related image

UK Job Vacancies Plummet 26%, Raising Recession Fears

Reed, a major UK recruitment firm, reports a 26% year-on-year fall in job vacancies by November, suggesting a possible recession as the economy shrank in September and October; Unemployment rose to 4.3% in September, and the government's recent tax increase on employers is blamed for the decline.

Progress

48% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
News related image

UK Entrepreneurship: Booming Registrations Despite Economic Headwinds

The UK's entrepreneurial ecosystem shows record-high business registrations and VC funding, but faces challenges from Brexit, increased taxes, and rising labor costs, with the government attempting to balance fiscal responsibility and growth-friendly policies.

Progress

40% Bias Score

Decent Work and Economic Growth