Tag #Uk Economy

Showing 337 to 348 of 1,018 results

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
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
dailymail.co.uk
🌐 85% Global Worthiness
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RBS Privatization: A 17-Year Recovery

In 2008, the Royal Bank of Scotland (RBS) received a £45 billion taxpayer bailout following a financial crisis triggered by its risky expansion and mismanagement; 17 years later, the UK government has fully sold its stake, marking a significant turning point but leaving taxpayers with over £10 billi...

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
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
theguardian.com
🌐 85% Global Worthiness
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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
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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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
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
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
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

Showing 337 to 348 of 1,018 results