Tag #Uk Economy

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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

Decent Work and Economic Growth
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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48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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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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dailymail.co.uk
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UK Tax Changes Trigger Exodus of Super-Wealthy from London

Over 11,300 millionaires, including 18 centimillionaires and two billionaires, left London in the last year due to increased UK taxes and the abolition of the non-dom tax regime, prompting concerns about economic impact.

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72% Bias Score

Reduced Inequality
politico.eu
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UK Parliament to Debate Emergency Legislation for British Steel

The UK parliament will recall on Saturday to debate emergency legislation to place British Steel under state control, preventing the closure of its Scunthorpe plant, which would threaten 3,000 jobs and leave the UK as the only major G7 economy unable to produce virgin steel.

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36% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
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UK Employer Hiring Plunges to Pandemic Lows Amidst National Insurance Hike

A recent survey by the British Chambers of Commerce revealed that only 20 percent of UK firms increased their workforce in the first quarter of 2024, the lowest since the start of the pandemic, primarily due to a £25 billion National Insurance increase implemented by the government, impacting hiring...

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56% Bias Score

Decent Work and Economic Growth
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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40% Bias Score

Decent Work and Economic Growth
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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48% Bias Score

Decent Work and Economic Growth
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

Decent Work and Economic Growth
elpais.com
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UK Averts British Steel Closure with Emergency Parliament Session

The UK government is holding an emergency parliamentary session to prevent the closure of British Steel's last two blast furnaces, saving 2,700 jobs, after unsuccessful negotiations with the Chinese owner, Jingye, amid rising global instability and US tariffs.

Progress

48% Bias Score

Decent Work and Economic Growth
politico.eu
🌐 85% Global Worthiness
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Trump Tariffs Pose Significant Threat to U.K. Economic Growth

Bank of England Deputy Governor Sarah Breeden warned that President Trump's tariffs, even after a partial reversal, represent the most significant change in U.S. trade policy in 100 years, and are expected to lower U.K. economic growth due to decreased U.S. consumer spending and potential supply cha...

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28% Bias Score

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theguardian.com
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Universal Studios to Build £50bn Theme Park in Bedford

The UK government announced a new Universal Studios theme park near Bedford, expected to open in 2031, creating 28,000 jobs, attracting 8.5 million visitors annually, and boosting the UK economy by £50bn.

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52% Bias Score

Decent Work and Economic Growth

Showing 481 to 492 of 1,018 results