Tag #Uk Economy

Showing 301 to 312 of 988 results

dailymail.co.uk
🌐 75% Global Worthiness
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Pension Credit Claims Soar After Winter Fuel Payment Changes

The UK government's attempt to restrict Winter Fuel Payments resulted in a 57% surge in pension credit claims (58,800 extra claims) costing an estimated £235 million, highlighting the significant financial needs of many elderly individuals and forcing a government U-turn.

Progress

40% Bias Score

No Poverty
forbes.com
🌐 65% Global Worthiness
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Topshop to Relaunch Physical Stores in August

Topshop, a British fashion retailer, will relaunch physical stores starting in August, initially through partnerships before opening standalone locations, following a successful pop-up event and strong consumer demand.

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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OECD Downgrades UK Growth Forecast Amid Trump Tariff Impact

The OECD slashed UK economic growth forecasts for 2025 and 2026 to 1.3% and 1%, respectively, largely blaming Trump's tariffs and constrained government spending, warning of a "very thin fiscal buffer".

Progress

48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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OECD Cuts UK Growth Forecast, Urges Tax Loophole Closure and Council Tax Revaluation

The OECD slashed UK growth forecasts to 1.3 percent this year and 1 percent next year, urging Rachel Reeves to plug tax loopholes and re-evaluate council tax bands, potentially resulting in higher bills for those in larger or more expensive homes, while interest rates are projected to remain higher ...

Progress

44% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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Reeves's Spending Review: Austerity Returns Despite Increased Spending

Rachel Reeves's upcoming spending review will necessitate difficult cuts across various sectors despite increased overall spending, creating a political challenge amid an already strained economy and public services.

Progress

56% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Marks & Spencer Cyberattack to Cost £300 Million

A cyberattack on Marks and Spencer is expected to cost the retailer £300 million in lost operating profits, highlighting the vulnerability of even large organizations to hacking and the importance of robust cybersecurity measures.

Progress

36% Bias Score

Industry, Innovation, and Infrastructure
dailymail.co.uk
🌐 75% Global Worthiness
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UK Faces 1976-Style Financial Crisis Amid Rising Defense Spending

The UK faces a major financial crisis driven by rising defense spending, potentially reaching 3.5 percent of GDP, forcing difficult choices between national security and social welfare programs.

Progress

64% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 65% Global Worthiness
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UK Services Sector Rebounds in May Amidst Ongoing Economic Uncertainties

Britain's services sector returned to growth in May (PMI 50.9), reversing April's contraction due to reduced US tariff concerns, recovering global markets, and improved business confidence; however, labor cost pressures remain.

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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Trump's Trade Policies Increase Uncertainty for Bank of England's Interest Rate Decisions

Bank of England Governor Andrew Bailey stated that the path of UK interest rates is more uncertain due to Donald Trump's trade policies, causing businesses to delay investments and potentially necessitating further rate cuts.

Progress

40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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Bank of England Warns of Increased Uncertainty Amidst Downgraded UK Growth Forecast

Bank of England governor Andrew Bailey warned that interest rate cuts are now 'more uncertain' due to Donald Trump's trade war, as the OECD downgraded UK growth forecasts to 1.3 percent this year and 1 percent next, citing heightened trade tensions and tighter financial conditions.

Progress

44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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UK Businesses Fear Cyberattacks Could Cause Widespread Financial Ruin

A survey of 250 UK security leaders reveals that two-thirds fear a cyberattack similar to the one that cost Marks & Spencer £300 million could cripple their organizations, with the average ransomware attack costing £850,000; remote devices are cited as the biggest vulnerability, and several companie...

Progress

40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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London Phone Theft Epidemic Deterring Tourists, Forcing Businesses to Increase Security

London is facing a phone theft epidemic costing £50 million annually, deterring tourists, and forcing businesses to increase security spending; police are implementing new measures, including the use of invisible DNA, to combat the issue.

Progress

48% Bias Score

Peace, Justice, and Strong Institutions

Showing 301 to 312 of 988 results