Tag #Uk Economy

Showing 553 to 564 of 987 results

bbc.com
🌐 75% Global Worthiness
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UK Spring Statement: Reduced Benefits, Rising Costs, and Inflation

The UK Spring Statement outlines a reduced Universal Credit increase to £106 weekly by 2029-30 for single claimants over 25, a halved health component at £50 for new claimants in 2026-27, a minimum wage rise to £12.21 per hour from April 1st, and an inflation projection of 3.2% this year.

Progress

52% Bias Score

No Poverty
bbc.com
🌐 65% Global Worthiness
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UK Military Tech Spend Boosts Wales, but PIP Changes Draw Ire

Chancellor Rachel Reeves announced a £2.2 billion increase in UK defense spending, benefiting Welsh defense businesses, alongside stricter eligibility rules for Personal Independence Payments (PIPs) affecting over 275,000 working-age people in Wales, prompting criticism from opposition parties and d...

Progress

44% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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UK Consumer Spending Falls Amid Growing Economic Anxiety

A KPMG survey of 3,000 UK consumers reveals that 58% believe the economy is worsening, leading 43% to cut everyday spending, while the Office for Budget Responsibility is expected to halve its 2025 growth forecast in its upcoming report.

Progress

52% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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UK Government Announces £5 Billion in Welfare Cuts

The UK government announced £5 billion in welfare cuts, including stricter disability benefit rules, to encourage work, sparking criticism from Labour MPs who fear increased poverty among disabled people while some support reforming the welfare system to encourage work.

Progress

52% Bias Score

No Poverty
news.sky.com
🌐 85% Global Worthiness
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UK Banks and Which? Demand Urgent Action on £1.2 Billion Online Fraud Epidemic

UK Finance and Which? urged the UK government to accelerate action against a £1.2 billion online fraud epidemic in 2023, criticizing insufficient action from tech companies and highlighting the severe psychological impact on victims.

Progress

40% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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Rising Costs Force Derbyshire Restaurant Closure

Scott Farr, owner of the School House Restaurant in South Normanton, Derbyshire, is closing his restaurant on April 11th due to unsustainable rising operational costs, including increased minimum wages and supplier prices, despite working additional jobs to support his business.

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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UK Spring Statement: Welfare Cuts, Slow Growth, and Investment Focus

Chancellor Rachel Reeves's spring statement reveals a 1% economic growth forecast (down from 2%), 250,000 more people in relative poverty due to welfare cuts, and a focus on investment in defense and productivity-enhancing projects amid potential global trade conflicts.

Progress

40% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Brexit's Colossal Economic Harm to the UK

Brexit has cost the UK economy an estimated 5% of its GDP, impacting various sectors, and the government's refusal to address this hinders economic growth; while some minor agreements are being explored, they are unlikely to fully offset the economic damage.

Progress

48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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UK Faces £15 Billion Spending Cuts Amidst Bleak Growth Forecast

Facing a £15 billion budget shortfall due to stalling growth and US tariffs, Chancellor Rachel Reeves plans spending cuts to balance the UK budget, while the Bank of England promotes AI to boost productivity.

Progress

52% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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UK Chancellor Faces Soaring Borrowing Costs in Spring Statement

UK Chancellor Rachel Reeves will present her spring statement on Wednesday, grappling with soaring government borrowing costs exceeding £100bn annually, a consequence of high debt levels and global economic uncertainty, forcing difficult budgetary choices.

Progress

36% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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UK Faces Economic Crisis: Government Aims for Fiscal Balance Amidst Long-Term Challenges

The UK faces a severe economic crisis with a national debt over 100% of GDP and persistent deficits since 1984; the government aims to balance day-to-day spending and tax revenues within five years through spending cuts and tax increases, but long-term reforms are crucial for sustainable growth and ...

Progress

52% Bias Score

No Poverty
theguardian.com
🌐 75% Global Worthiness
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Reeves Promises Economic Improvement Amid Spending Cuts and Potential Tax Changes

UK Chancellor Rachel Reeves announced plans to cut government running costs by 15% and 10,000 civil service jobs, hinted at scrapping a digital services tax to avoid US tariffs, and faces criticism for welfare cuts amid a pledge to improve living standards.

Progress

44% Bias Score

Reduced Inequality

Showing 553 to 564 of 987 results