Tag #Uk Economy

Showing 241 to 252 of 697 results

dailymail.co.uk
🌐 85% Global Worthiness
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British Steel Faces Closure, Threatening 2,700 Jobs

British Steel plans to close its blast furnaces in Scunthorpe, potentially affecting 2,000-2,700 jobs, after rejecting a £500 million government subsidy due to unsustainable financial losses and challenging market conditions, including US tariffs.

Progress

56% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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UK Faces £50 Billion Budget Deficit Without Productivity Surge

The UK faces a potential £50 billion budget deficit by 2030 unless productivity significantly improves, according to the Office for Budget Responsibility, which has a history of overestimating productivity growth, threatening the government's fiscal targets and raising concerns about potential econo...

Progress

56% Bias Score

Decent Work and Economic Growth
news.sky.com
🌐 75% Global Worthiness
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Sky News to Cut 2,000 Jobs Amid Shift to Digital Services

Sky News announced plans to cut 2,000 customer service jobs (7% of its workforce), closing three UK contact centers and impacting others, due to declining call volumes and a shift towards digital services, while investing millions in a new "center of excellence" in Livingston.

Progress

48% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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UK Government Faces £14 Billion Budget Deficit, Weighing Tax Hikes and Welfare Cuts

Facing a £14 billion budget shortfall, the UK government may need to increase taxes on pensioners and wealthier individuals, or implement further welfare reforms, due to insufficient impact of previous changes and global economic uncertainty.

Progress

56% Bias Score

No Poverty
dailymail.co.uk
🌐 65% Global Worthiness
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Labour's Growth Plan: Defence Spending and Housing Reforms

Labour's Spring Statement outlines a plan to increase economic growth by raising defence spending by £2.2 billion (partially offset by reduced overseas development aid) and implementing planning reforms to increase housing construction, but faces challenges in both areas.

Progress

60% Bias Score

Industry, Innovation, and Infrastructure
dailymail.co.uk
🌐 85% Global Worthiness
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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
🌐 85% Global Worthiness
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UK National Debt to Surge by £600 Billion, Triggering Soaring Interest Payments

Britain faces a £600 billion increase in national debt by 2030, leading to nearly £600 billion in interest payments over five years—£30 billion more than previously forecast—due to sustained overspending since 2001, exacerbated by the financial crisis and the COVID-19 pandemic.

Progress

56% Bias Score

Reduced Inequality
news.sky.com
🌐 85% Global Worthiness
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UK Benefit Cuts to Leave Lower-Income Households £500 Poorer

The Resolution Foundation projects that lower-income UK households will be £500 poorer annually due to benefit cuts and a weak economic outlook, impacting the poorest 50% over five years, a drop only surpassed by the early 1990s recession and the 2008 financial crisis.

Progress

48% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Labour's Budget Angers Business Leaders Amidst £7 Billion Cost Hike

Labour's recent budget has resulted in a £7 billion cost increase for retailers, prompting anger from business leaders who feel betrayed by the party's pro-business image; the OBR warns of negative economic impacts.

Progress

68% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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IFS Warns of High Risk of UK Budget Failure, Potentially Requiring Tax Hikes

The Institute for Fiscal Studies (IFS) warns that UK Chancellor Rachel Reeves's fiscal plans have only a 51-54% chance of success, necessitating potential tax hikes or spending cuts due to tight budget constraints and external economic shocks like potential US tariffs on car imports.

Progress

56% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Trump's Tariffs Pose 1% GDP Risk to UK

Donald Trump's plan to impose trade tariffs globally could shrink UK GDP by 1 percent and raise inflation by 0.6 percent by 2026-27, according to the Office for Budget Responsibility, prompting the UK government to seek mitigation strategies.

Progress

48% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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UK Councils Court Investors at MIPIM Amidst Austerity, Raising Inequality Concerns

At MIPIM 2024, UK councils aggressively competed for foreign investment in real estate, reflecting austerity measures and potentially exacerbating inequality as investor profits outweigh community benefits.

Progress

56% Bias Score

Reduced Inequality

Showing 241 to 252 of 697 results