Tag #Uk Economy

Showing 385 to 396 of 989 results

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Grangemouth Refinery Closure Exposes UK's Energy Transition Challenges

The closure of Scotland's last oil refinery, Petroineos in Grangemouth, on April 29th, resulted in 400 job losses and highlights the challenges of a just energy transition; despite government funding offers, a lack of private investment led to its shutdown, leaving the town facing economic decline.

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52% Bias Score

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dailymail.co.uk
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Bank of England Urges Stronger UK-EU Trade to Boost Economy

Bank of England governor Andrew Bailey urged Keir Starmer to boost UK-EU trade to counter the economic slowdown, highlighting the EU as the UK's largest trading partner and advocating for reversing post-Brexit trade reductions; this follows a recent interest rate cut and amid the UK government's pur...

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32% Bias Score

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dailymail.co.uk
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Bank of England to Cut Interest Rates Amidst Global Economic Uncertainty

The Bank of England is poised to cut interest rates from 4.5 percent today in response to a stalling UK economy and global market uncertainty caused by US tariffs, aiming to relieve pressure on British mortgage payers and stimulate growth.

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44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
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Nationwide Cuts Mortgage Rates Amidst Expected Bank of England Rate Reduction

Nationwide Building Society has cut its mortgage rates by up to 0.3 percentage points across various fixed and tracker mortgages, following similar cuts by Halifax, TSB, and Virgin Money, ahead of the expected Bank of England interest rate cut.

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36% Bias Score

Reduced Inequality
dailymail.co.uk
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UK Service Sector Contracts Amid Trump's Trade War, Threatening Fiscal Stability

The UK's service sector contracted in April 2025, with a PMI score of 49, marking its first decline in 18 months due to Trump's trade war, increased payroll costs, and reduced business confidence, posing a significant threat to the government's fiscal targets.

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48% Bias Score

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theguardian.com
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UK Consumer Confidence Plunges to Lowest Level Amidst Global Uncertainty

UK consumer confidence has fallen to -53, its lowest since December 2022, due to concerns about US tariffs, the war in Ukraine, and persistent inflation; almost two-thirds of people expect the economy to worsen in the next year.

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48% Bias Score

No Poverty
theguardian.com
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Weight Loss Injections Could Boost UK Economy by £4.5 Billion

Research presented at the European Congress on Obesity in Málaga estimates that providing semaglutide to eligible UK residents could boost the economy by £4.5 billion due to increased productivity among 2,660 trial participants who gained an average of 17 extra workdays annually, offsetting some of ...

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44% Bias Score

Good Health and Well-being
news.sky.com
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ONS Head Resigns Amidst Data Accuracy Concerns

Sir Ian Diamond resigned as head of Britain's Office for National Statistics (ONS) due to health issues, following criticism over data inaccuracies, particularly in the labor market survey, which influences government spending and the Bank of England's interest rate decisions.

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40% Bias Score

Reduced Inequality
theguardian.com
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British Steel to Hire 180+ Employees After Government Rescue

British Steel will hire 180+ new employees in Scunthorpe and Teesside to increase production after a government bailout prevented the closure of its blast furnaces, averting potential redundancy for 2,700 workers and addressing staff shortages.

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40% Bias Score

Decent Work and Economic Growth
bbc.com
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Staffordshire Pottery Firm Faces Closure Amidst Industry Crisis

Dunoon Mugs, a 50-year-old Staffordshire pottery employing four generations of one family, is facing closure due to six-fold increases in energy bills, 20% redundancies, and reduced working hours, reflecting a broader crisis in the UK ceramics industry.

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44% Bias Score

Decent Work and Economic Growth
theguardian.com
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UK Services Sector Contracts Amidst US Tariff Uncertainty

The UK's services sector, representing 75% of the economy, experienced its first contraction in 17 months in April 2025 due to uncertainty from US tariffs and domestic tax increases, resulting in reduced new orders, exports, and employment, as indicated by a PMI of 49.0 (below 50.0).

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44% Bias Score

Decent Work and Economic Growth
theguardian.com
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John Lewis Chairman's £1.3m Pay Increase Amidst Cost Cuts

John Lewis Partnership chairman Jason Tarry's pay will exceed £1.3 million this year, a substantial increase from his predecessor's compensation and 53 times higher than the average non-management worker's pay, despite a 7.4% pay rise for hourly workers and cost-cutting measures.

Progress

48% Bias Score

Reduced Inequality

Showing 385 to 396 of 989 results