Tag #Uk Economy

Showing 313 to 324 of 988 results

forbes.com
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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
forbes.com
🌐 75% Global Worthiness
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U.K. Auto Production Hits 70-Year Low

U.K. car production slumped to a 70-year low in April 2024, with only 59,203 vehicles manufactured, a 15.8% drop year-on-year and a 25% fall from March, due to factors including decreased export demand and the transition to electric vehicles.

Progress

40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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UK Labour's Tax-and-Spend Policies Fuel Economic Decline

The UK Labour government's recent budget, including a £40 billion tax increase and increased public spending, has negatively impacted economic growth, investor confidence, and caused a flight of wealth and talent from the UK, leading to a projected anemic 0.3% growth this year.

Progress

72% Bias Score

Reduced Inequality
bbc.com
🌐 85% Global Worthiness
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UK Government Completes Divestment From Royal Bank of Scotland

The UK government has fully divested from the Royal Bank of Scotland (RBS), selling its remaining shares 15 years after a £45.5 billion bailout that began in 2008 to prevent the collapse of the bank during the global financial crisis.

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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BoE Official Cautions Against Inflation Distraction, Advocates for Continued Rate Cuts

Bank of England MPC member Alan Taylor warns against prematurely changing course on interest rate cuts despite higher-than-expected UK inflation (3.5% in April) and first-quarter growth (0.7%), attributing the rise to one-off factors and expressing concern over the US trade war's negative impact on ...

Progress

44% Bias Score

Decent Work and Economic Growth
politico.eu
🌐 75% Global Worthiness
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UK Consumers Embrace BNPL Amid Cost-of-Living Crisis, Anticipating Regulation

A Clearpay study of 3,000 UK adults shows rising BNPL use due to cost-of-living pressures, with families using it for children's activities and big purchases; 71 percent support regulation, expected by early 2026, believing it will improve consumer protection and boost retail spending.

Progress

40% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Council Tax Loopholes Cost Local Authorities £334 Million

A loophole allowing second homeowners to avoid a 100 percent council tax premium by registering their properties as holiday lets is costing English and Welsh local authorities £334 million in lost revenue—double the amount lost last year—due to the 2023 Levelling Up and Regeneration Act.

Progress

56% Bias Score

Reduced Inequality
theguardian.com
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Reform UK's Bitcoin Policy and Controversial Tax Cut Plan

Reform UK announced it will accept Bitcoin donations and implement significant tax cuts totaling at least £60 billion if elected, a move criticized by economists for lacking credible funding and potentially triggering a financial crisis like Liz Truss's mini-budget.

Progress

56% Bias Score

Decent Work and Economic Growth
news.sky.com
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NatWest Privatization Results in £10.5bn Loss for UK Taxpayers

The UK government has completed the sale of its remaining stake in NatWest, incurring a £10.5bn loss 17 years after a £46bn bailout, prompting debate about post-crisis banking regulations.

Progress

48% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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UK Business Confidence Soars to Nine-Month High

UK business confidence reached a nine-month high in May, jumping 11 points to 50% due to recovering financial markets and easing trade tensions, with positive impacts on hiring and wage expectations.

Progress

48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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UK Pension Funds' Shift Away From Domestic Equities Prompts Government Intervention

The UK's pension fund investment in UK equities has plummeted to 4.4 percent, prompting government intervention to redirect billions toward domestic infrastructure and startups, despite concerns about the potential infringement on fiduciary duty.

Progress

60% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 65% Global Worthiness
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Auto Trader Shares Plunge 14.2% on Slower Sales Growth

Auto Trader shares fell 14.2% to 788.2p on Thursday after reporting slower sales growth (5% to £601.1 million) for the fiscal year ending March 2025, due to vehicle shortages impacting dealer listings; however, the company expects sales to rebound in the second half of the current year.

Progress

40% Bias Score

Decent Work and Economic Growth

Showing 313 to 324 of 988 results