Tag #Uk Economy

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IMF Downgrades UK Growth Forecast to 1.1%, Citing Domestic Factors

The IMF downgraded the UK's growth forecast to 1.1 percent, citing domestic factors such as increased utility bills and government borrowing costs as the primary reasons, while also noting the impact of global uncertainty and tariffs.

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48% Bias Score

No Poverty
dailymail.co.uk
🌐 85% Global Worthiness
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IMF Downgrades UK Growth Forecast Amid Trump Tariff Fallout

The IMF slashed Britain's growth forecast to 1.1 percent for 2025 and 1.4 percent for 2026, blaming Trump's tariffs, higher inflation, and increased consumer bills; this negatively impacts Chancellor Reeves's fiscal plans and highlights the global economic consequences of the trade war.

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60% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 65% Global Worthiness
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Five Strategies for First-Time UK Homebuyers

Facing a £34,500 average deposit hurdle, UK first-time buyers can utilize Lifetime ISAs for government bonuses, explore 95% LTV mortgages, consider shared ownership, use income-boost mortgages, or find professional mortgages, signifying evolving home-buying strategies.

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20% Bias Score

Reduced Inequality
theguardian.com
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High UK Energy Costs Despite Renewable Energy Surge

Britain's electricity prices remain high despite renewable energy exceeding 50% of generation in 2023, due to a gas-dominated market pricing system; this 'marginal pricing' sets prices based on the most expensive source, gas, 98% of the time, impacting businesses and investment.

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40% Bias Score

Affordable and Clean Energy
theguardian.com
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Sainsbury's Forecasts Flat Profits Amidst Price War and Rising Costs

Sainsbury's, despite a £1 billion profit in the year to March 1st, anticipates flat profits this year due to a predicted price war and rising costs, prompting cost-cutting measures including warehouse closures and increased automation to save £650 million over two years.

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44% Bias Score

No Poverty
bbc.com
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UK Government Saves British Steel from Closure

The UK government seized control of British Steel's Scunthorpe plant after a dispute with its Chinese owner, Jingye, securing emergency shipments of raw materials to keep its blast furnaces running for the coming weeks, preventing the loss of virgin steel production and safeguarding 2,700 jobs.

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52% Bias Score

Decent Work and Economic Growth
news.sky.com
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UK Government Saves 2,700 British Steel Jobs

The UK government's takeover of British Steel averted the loss of up to 2,700 jobs at its Scunthorpe plant, which was facing closure due to financial instability caused by market conditions, tariffs, and the shift to lower-carbon production; the government's intervention secured raw materials and ap...

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44% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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NatWest to be fully privatized after 2008 bailout

NatWest will hold its last shareholder meeting before full privatization, with the government selling its remaining 2.99% stake after a 17-year restructuring following its £46bn bailout in 2008; the government expects to recoup about £25bn.

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44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
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Small Businesses Demand Urgent Talks on UK Vaping Bill to Avoid Mass Closures

Facing potential closure due to the UK's Tobacco and Vapes Bill, 24 small business owners representing major brands are demanding urgent government talks, citing a report predicting 7,700 shop closures and 70,000 job losses if the bill passes in its current form.

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52% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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Labour's Growing Frustration with the Office for Budget Responsibility

The UK Labour Party's dissatisfaction with the Office for Budget Responsibility (OBR) has intensified following the Spring Statement, where OBR forecasts led to deeper-than-expected cuts to disability benefits (£4.8bn) and sparked internal debate about the OBR's role in the party's economic policy.

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64% Bias Score

Reduced Inequality
news.sky.com
🌐 85% Global Worthiness
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UK Government Secures Raw Materials to Prevent British Steel Plant Closure

The UK government has secured the raw materials to keep British Steel's Scunthorpe plant operating after the collapse of negotiations with Chinese owner Jingye, who allegedly planned to shut down the plant by halting raw material orders; three ships carrying materials are either docked or en route t...

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52% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
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UK Government Intervenes to Save Scunthorpe Steelworks, Highlighting Shift in Industrial Policy

The UK government intervened to prevent the closure of Scunthorpe steelworks, the last virgin steel producer in the UK, appointing new management to ensure its continued operation, citing national security concerns and a shift in policy to protect strategic industries, contrasting with previous relu...

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48% Bias Score

Industry, Innovation, and Infrastructure

Showing 421 to 432 of 988 results