Tag #Uk Economy

news.sky.com
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UK GDP Shrinks for Second Month, Undermining Economic Growth Pledges

Britain's GDP unexpectedly fell by 0.1% in October, marking the second consecutive month of contraction and challenging the government's economic growth pledges; farmers protested budget changes, while energy price cap predictions rose, and rail ticket-buying advice was offered.

Progress

56% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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UK Economy Contracts for Second Straight Month

Britain's economy shrank 0.1% in October, marking the first back-to-back monthly falls since the start of the COVID-19 pandemic, impacting new finance minister Rachel Reeves, and defying economists' predictions of 0.1% growth.

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44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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Royal Mail fined \u00a310.5 million for repeated delivery failures

Ofcom fined Royal Mail \u00a310.5 million for consistently failing to meet mail delivery targets between April 2023 and March 2024, delivering only 74.7 percent of first-class mail and 92.7 percent of second-class mail on time; this follows a previous \u00a35.6 million fine and comes as Czech billio...

Progress

44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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Currys Warns of Price Rises After Labour's National Insurance Hike

Currys predicts £32 million in extra costs from Labour's National Insurance hike and other policy changes, which will likely result in price increases for electrical goods and reduced company investment.

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40% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Supreme Court to Hear Appeal on £30bn Car Loan Commission Case

The UK Supreme Court will hear appeals from two car lenders against a ruling that undisclosed commissions on car loans are unlawful, potentially costing lenders £30bn in compensation.

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36% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Reeves Vows 'Iron Fist' on Spending, Seeking 5% Efficiency Gains

UK Chancellor Rachel Reeves announced a comprehensive review of government spending, aiming to cut 5% from budgets by 2029 to avoid further tax hikes and fund key public services, using a zero-based budgeting approach and external expert panels.

Progress

52% Bias Score

Reduced Inequality
news.sky.com
🌐 75% Global Worthiness
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NatWest CEO in Line for Multimillion-Pound Pay Boost

NatWest Group plans to significantly increase its CEO Paul Thwaite's compensation to a potential \$6.6 million annually, aligning his pay with industry peers, following a 90% surge in the bank's share price in 2024 and its return to full private ownership after a 17-year government stake.

Progress

40% Bias Score

Reduced Inequality
news.sky.com
🌐 75% Global Worthiness
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Royal Mail Fined £10.5m for Missing Postal Delivery Targets

Ofcom fined Royal Mail £10.5 million for failing to meet postal delivery targets in 2023/24, with only 74.7% of first-class and 92.7% of second-class mail delivered on time, significantly below the targets of 93% and 98.5%, respectively. The fine will go to the public purse.

Progress

44% Bias Score

No Poverty
bbc.com
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Currys to Raise Prices After £32 Million Tax Increase

Currys, facing a £32 million cost increase from recent UK tax changes, will raise prices. The increase includes £12 million from National Insurance and £9 million from the National Living Wage rise, forcing the retailer to cut investment and hiring and potentially increase automation and offshoring,...

Progress

52% Bias Score

Reduced Inequality
news.sky.com
🌐 75% Global Worthiness
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Currys Warns of Price Rises Following Labour Budget

Currys reported a 2% rise in like-for-like sales but warned of upcoming price increases due to the Labour government's budget, estimating a £32 million impact from increased employer National Insurance contributions; this comes despite a recent rise in consumer confidence.

Progress

44% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Labour's Budget Triggers Hiring Freeze, Economic Uncertainty

Labour's £25 billion employer national insurance hike has prompted businesses to freeze hiring, causing economic stagnation and impacting household confidence, particularly in the housing market where rising mortgage rates add further strain.

Progress

52% Bias Score

Decent Work and Economic Growth
news.sky.com
🌐 75% Global Worthiness
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Royal London in Talks to Acquire Infrastructure Investor Dalmore Capital

Royal London, a British financial mutual, is reportedly in talks to buy Dalmore Capital, an infrastructure investor with assets including a stake in the Thames Tideway super sewer, for an estimated £100 million, reflecting a broader trend of traditional asset managers expanding into alternative inve...

Progress

24% Bias Score

Sustainable Cities and Communities