Tag #Uk Economy

Showing 49 to 60 of 1,008 results

theguardian.com
🌐 85% Global Worthiness
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UK Treasury Considers Tax on Rental Income to Address Budget Shortfall

The UK Treasury is considering a new tax on rental income to help close a \$40 billion budget gap, potentially raising \$2 billion by extending national insurance to include rental income; this has caused concern in the housing market.

Progress

56% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 65% Global Worthiness
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Asda Sales Dip Slows Amidst IT Issues and Inflation

Asda's sales fell 0.2 percent in the three months to June 30, a slowdown from the first quarter's 5.9 percent drop, due to temporary stock issues from a £1 billion IT transformation and rising food inflation; the chairman expects further difficulties.

Progress

40% Bias Score

No Poverty
theguardian.com
🌐 85% Global Worthiness
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UK Food Inflation Hits 18-Month High

UK food inflation hit a new high of 4.2% in August, driven by rising prices of staples like eggs and butter due to supply chain issues and increased labor costs, adding to the cost of living pressures already faced by many households.

Progress

44% Bias Score

Zero Hunger
theguardian.com
🌐 85% Global Worthiness
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Debenhams Considers PLT Sale, 1,251 Job Losses Amidst £264 Million Loss

Debenhams, facing £264 million pretax losses and falling sales, is considering selling its Pretty Little Thing brand and closing its Burnley distribution center, potentially resulting in 1,251 job losses, while also announcing a restructuring plan that includes cost-cutting and stock reduction.

Progress

44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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Poundland Seeks Court Approval to Avoid Collapse

Poundland, facing administration by September 7, 2025, seeks High Court approval for a rescue plan involving store closures, job cuts (around 1,350), and rent reductions to secure £90 million in funding from Gordon Brothers, following a £1 sale and struggling with a £35.7 million pre-tax loss in 202...

Progress

44% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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UK Faces Acute Economic Challenge from Shrinking Workforce

Bank of England Governor Andrew Bailey highlights Britain's "acute challenge" from weak economic growth and a post-pandemic drop in workers, particularly among young people and the long-term sick, impacting productivity and inflation.

Progress

48% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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Asda Sales Dip Amidst Rising Business Taxes and Weak Consumer Confidence

Asda's sales fell 0.2% to £5.3bn in the three months to June 30th, despite price cuts averaging 22% on more than half its products, driven by increased business taxes and weak consumer confidence; the supermarket chain plans to invest significantly to counter this.

Progress

44% Bias Score

No Poverty
dailymail.co.uk
🌐 85% Global Worthiness
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Cost-of-Living Crisis Resurges: 60% of UK Households See Disposable Income Fall

Sixty percent of British households saw disposable income fall in the year to July, with middle-income households experiencing their first yearly drop since September 2023, driven by 3.8% inflation and rising essential costs; lower-income households suffered the most.

Progress

52% Bias Score

No Poverty
dailymail.co.uk
🌐 85% Global Worthiness
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UK Shop Prices Surge Amidst Budgetary Impact

British shop prices increased by 0.9 percent year-on-year, the fastest rise in over a year, driven by a 4.2 percent surge in food prices due to increased business costs from the recent budget, potentially resulting in up to 300,000 job losses by 2028.

Progress

64% Bias Score

No Poverty
bbc.com
🌐 75% Global Worthiness
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UK Food Inflation Reaches 18-Month High

UK food inflation hit a 4.2% high in August 2024 due to increased costs of chocolate, butter, and eggs; high demand, reduced supply, and increased labor costs are contributing factors, according to the British Retail Consortium.

Progress

36% Bias Score

Zero Hunger
bbc.com
🌐 75% Global Worthiness
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UK Hospitality Job Losses Hit 89,000 Amidst Rising Costs

Since last October, the UK hospitality sector has lost approximately 89,000 jobs—53% of all UK job losses—due to increased taxes, rising costs, and reduced consumer spending, with further losses anticipated.

Progress

56% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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UK Carmakers Lobby for Relaxed Electric Vehicle Sales Targets

Facing stricter electric vehicle sales targets than the EU or California, major UK carmakers like BMW, Jaguar Land Rover, Nissan, and Toyota lobbied the Labour government successfully for rule changes, arguing that the original mandate risked hundreds of millions of pounds in penalties and thousands...

Progress

64% Bias Score

Climate Action

Showing 49 to 60 of 1,008 results