Tag #Uk Economy

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news.sky.com
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UK Government to Debate Emergency Laws to Save British Steel

To prevent the closure of British Steel's Scunthorpe plant, which employs 3,500 people and produces vital steel, the UK government will debate emergency laws today allowing it to take control, prompted by the owner Jingye's decision to halt operations due to unsustainable costs.

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dw.com
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UK Government Takes Emergency Control of British Steel

The UK government took emergency control of British Steel's Scunthorpe plant on Saturday, averting its closure and preserving 3,500 jobs after negotiations with the Chinese owner, Jingye Group, failed. The plant is the UK's last maker of virgin steel.

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theguardian.com
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UK Voters Prioritize EU Trade Over US Deal Amidst Global Economic Uncertainty

A new poll shows 53% of UK voters want the government to focus on rebuilding trade ties with the EU rather than forging a new economic deal with the US, driven by concerns about global economic instability and the belief that stronger EU ties would boost UK/EU trade.

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52% Bias Score

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news.sky.com
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UK Government Takes Control of British Steel's Scunthorpe Plant

The UK Parliament passed an emergency bill granting the government control of British Steel's Scunthorpe plant, preventing its closure, safeguarding 3,500 jobs, and securing the UK's primary steelmaking capacity after negotiations with the Chinese owner Jingye failed.

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theguardian.com
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Scunthorpe Steelworks Faces Closure: Urgent Calls for Nationalization

The Scunthorpe steelworks, employing thousands and vital for national security, faces closure due to Chinese owner Jingye's reported daily \£700,000 losses, prompting calls for government nationalization to prevent 2,700 direct job losses and safeguard the steel industry.

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dailymail.co.uk
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UK GDP Growth Outpaces Expectations, But Concerns Remain

The UK's GDP unexpectedly grew by 0.5% in February, driven partly by increased US exports before new tariffs; however, this is overshadowed by growing public pessimism about household finances and downgraded economic forecasts.

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64% Bias Score

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lemonde.fr
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UK Government Takes Control of British Steel Blast Furnaces

The UK Parliament initiated emergency proceedings on April 12th to authorize government control of British Steel's last two blast furnaces, averting the loss of 2,700 jobs and preventing irreversible damage to the UK's steel production capacity. The government aims to explore options to keep the pla...

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dw.com
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UK Parliament Approves Emergency Bill to Save British Steel

The UK Parliament passed an emergency bill on April 12th, 2025, to prevent British Steel's closure, saving 3,500 jobs; the government may nationalize the company after negotiations with Chinese owner Jingye failed due to the company's daily losses of £700,000.

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48% Bias Score

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news.sky.com
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UK Government Takes Control of British Steel

The UK government took emergency control of British Steel's Scunthorpe plant on Saturday, averting its closure and preserving 3,500 jobs after its Chinese owner, Jingye, refused to supply raw materials; Parliament was recalled for the first time in over 40 years to pass enabling legislation.

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48% Bias Score

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theguardian.com
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UK Government Intervenes to Save British Steel, Avert National Security Risk

Facing closure due to its Chinese owner's refusal to continue supplying coke and iron ore, the UK government intervened to prevent British Steel's Scunthorpe plant from shutting down, saving thousands of jobs and maintaining the UK's primary steel production capacity.

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52% Bias Score

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theguardian.com
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UK Chancellor Calls for Global Trade Reform Amidst Trump's Protectionist Policies

UK Chancellor Rachel Reeves calls for a new global economic system emphasizing free trade in response to President Trump's protectionist tariffs, while the UK government announces a \$20 billion financing package to support businesses impacted by these tariffs.

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bbc.com
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UK Disability Scheme Delays Threaten Jobs

The UK government's Access to Work scheme, intended to aid disabled employees, is facing substantial payment delays, leaving businesses like Yateley Industries owed \pounds186,000 and threatening job losses, while the DWP acknowledges the issues and is working on a solution.

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60% Bias Score

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Showing 445 to 456 of 988 results