Tag #Uk Economy

Showing 277 to 288 of 697 results

dw.com
🌐 85% Global Worthiness
News related image

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
News related image

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
News related image

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
bbc.com
🌐 75% Global Worthiness
News related image

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
News related image

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
politico.eu
🌐 85% Global Worthiness
News related image

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
dailymail.co.uk
🌐 75% Global Worthiness
News related image

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
forbes.com
🌐 85% Global Worthiness
News related image

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
theguardian.com
🌐 75% Global Worthiness
News related image

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
theguardian.com
🌐 75% Global Worthiness
News related image

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
🌐 85% Global Worthiness
News related image

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
theguardian.com
🌐 75% Global Worthiness
News related image

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

Showing 277 to 288 of 697 results