Tag #Uk Economy

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UK Inflation Surges, but Bank of England to Continue Rate Cuts

UK inflation hit 3% in January, surpassing forecasts and the Bank of England's target, driven by airfares and school fees; despite this, the Bank is expected to continue cutting interest rates due to weak economic growth.

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36% Bias Score

Reduced Inequality
theguardian.com
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UK Faces Record Redundancy Wave Amidst Collapsing Business Confidence".

A survey reveals UK employers are preparing for the largest redundancy round in a decade due to decreased business confidence and upcoming tax increases, impacting various sectors and potentially leading to increased unemployment and inflation.

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48% Bias Score

Decent Work and Economic Growth
bbc.com
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UK Firms Plan Job Cuts Amid Rising Employment Costs"

Facing rising employment costs, including increased National Insurance and minimum wage, over one-third of 2,000 surveyed UK firms plan job cuts or reduced hiring; many are raising prices, and confidence among small businesses is at a 10-year low.

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48% Bias Score

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theguardian.com
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UK Inflation Soars Amidst Energy Crisis, Trump's Actions Create Economic Uncertainty

Soaring energy prices have driven UK inflation to a projected 2.8% in January, impacting living standards and potentially leading to increased unemployment, although Trump's actions in Ukraine could significantly alter the economic outlook.

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52% Bias Score

Reduced Inequality
bbc.com
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Lancashire Village Surpasses Major Cities with Three Michelin-Starred Restaurants

Aughton, a Lancashire village of 8,000, houses three Michelin-starred restaurants (Moor Hall, The Barn, Sō-lō), exceeding the number in larger cities like Liverpool and Manchester, boosting local businesses and attracting visitors despite the cost of living crisis.

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28% Bias Score

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bbc.com
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Trump's VAT Tariff Threat: Increased Risk for UK Businesses

President Trump announced that his administration would create "reciprocal tariffs" that would include VAT, potentially impacting UK businesses exporting to the US with tariffs as high as 21% on goods such as cars, pharmaceuticals, and food and drink, raising concerns of a trade war.

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48% Bias Score

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dailymail.co.uk
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UK Energy and Water Bills Set for Further Increases

UK energy bills are set to rise by 5% in April, adding £85 to the average annual bill, due to increased European wholesale gas prices; concurrently, three water companies seek further bill hikes despite recent approvals, exacerbating financial strain on households.

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44% Bias Score

Affordable and Clean Energy
theguardian.com
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UK Public Sector Unions Demand Higher Pay Amidst Rising Inflation

UK public sector unions are demanding above-inflation pay increases to counter rising inflation, putting pressure on the chancellor to find billions in extra funding, as a 2.8% government-proposed increase is now insufficient due to accelerating inflation.

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52% Bias Score

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dailymail.co.uk
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Fake Banks Exploit UK Companies House Loophole

An investigation reveals at least 16 companies falsely registered as banks on the UK's Companies House, claiming billions in assets, exploiting a lack of verification to potentially defraud investors; one firm, Islamic World Economic Cooperation Organization Ltd, claims £500 billion.

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56% Bias Score

Reduced Inequality
theguardian.com
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UK Announces £2.5bn Steel Investment Amid US Tariff Threat

Faced with US tariffs on steel imports threatening over £400 million in UK exports, the UK government announced a £2.5 billion investment to bolster its steel industry, focusing on innovative projects and electric arc furnaces to ensure long-term sustainability and competitiveness.

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48% Bias Score

Decent Work and Economic Growth
theguardian.com
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UK Chancellor Faces £9.9bn Financial Shortfall

UK Chancellor Rachel Reeves faces a £9.9bn financial shortfall due to slower-than-expected economic growth (0.75% vs projected 1.5%), increased borrowing costs, and global economic uncertainties, forcing difficult political choices.

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48% Bias Score

Reduced Inequality
dailymail.co.uk
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Scotch Whisky Exports Slump Amidst Global Trade Turmoil

Scotch whisky exports fell by £200 million in 2024 to £5.4 billion, a 3.7 percent drop, despite a 3.7 percent rise in volume; the US remains the top market at £971 million but faces potential new tariffs, while domestic tax increases strain producers and consumers.

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48% Bias Score

Decent Work and Economic Growth

Showing 661 to 672 of 987 results