Tag #Uk Economy

Showing 61 to 72 of 803 results

bbc.com
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Bank of England to Redesign Banknotes, Seeking Public Input on New Themes

The Bank of England is redesigning its banknotes after 50 years, seeking public input on themes like nature, innovation, or historical events to replace historical figures, aiming for broader representation of national identity, with the final decision resting on the Bank's governor.

Progress

44% Bias Score

No Poverty
bbc.com
🌐 75% Global Worthiness
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UK Government Intervenes in Prax Lindsey Oil Refinery Insolvency

The UK government is intervening to manage the Prax Lindsey Oil Refinery in Immingham after its owner filed for insolvency on Sunday, risking 420 jobs and potentially impacting 1000 more including contractors; the government is seeking a buyer while demanding an investigation into the company's cond...

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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Lotus Weighs US Production Shift, Threatening 1,300 UK Jobs

Facing potential closure, Lotus's UK plant, employing 1,300, may cease production to shift to the US due to US tariffs and Geely's China-centric strategy, despite the UK plant's historical significance.

Progress

44% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
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Lotus Considers US Relocation Amidst US Tariffs

Facing potential job losses of 1300 employees at its Hethel, Norfolk headquarters, Lotus, a UK sportscar manufacturer majority-owned by Geely, is considering moving production to the US due to high US import tariffs, currently at 25% but set to drop to 10% by June.

Progress

48% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
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UK Bioethanol Plant Closure Threatened by US Trade Deal

Associated British Foods threatens to close its Vivergo bioethanol plant in Hull by September 13th due to a UK-US trade deal removing tariffs on US ethanol imports, jeopardizing 4,000 jobs and the UK's sustainable aviation fuel goals; the government is in negotiations but faces a deadline.

Progress

44% Bias Score

news.sky.com
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Vivergo Bioethanol Plant to Close Due to UK-US Trade Deal

The UK's largest bioethanol plant, Vivergo, will close by September 13th, impacting over 160 jobs due to the UK-US trade deal allowing tariff-free US ethanol imports, despite "extensive" government negotiations for a solution.

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56% Bias Score

Affordable and Clean Energy
cincodias.elpais.com
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Santander to Acquire TSB Bank for €3.1 Billion

Banco Santander will acquire TSB Bank from Banco Sabadell for €3.1 billion, creating the UK's third-largest bank by current accounts and fourth by mortgages, with projected synergies of €460 million and a 13% CET1 capital ratio by 2025.

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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AI Cuts UK Entry-Level Jobs by a Third

New research reveals a 32% drop in UK entry-level job vacancies since the launch of ChatGPT in November 2022, as businesses increasingly use AI to improve efficiency and cut staff; this follows a 33% fall in graduate roles advertised since mid-June 2023.

Progress

56% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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UK Chancellor to Extend Income Tax Threshold Freeze to Address Budget Deficit

UK Chancellor Rachel Reeves is expected to extend the income tax threshold freeze to raise an estimated £8 billion annually, addressing a budget deficit caused by a U-turn on welfare cuts and potentially lower economic growth forecasts.

Progress

40% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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UK Welfare-to-Work Plan Faces Implementation Crisis

The UK government's plan to help welfare recipients find work is facing major implementation issues, with DWP officials describing the system as "a mess" due to insufficient staffing and organizational problems; the program's success is now in doubt, highlighting broader challenges in aiding vulnera...

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48% Bias Score

Decent Work and Economic Growth
news.sky.com
🌐 85% Global Worthiness
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£10 Million to Fix ONS Data Accuracy Issues

The UK's Office for National Statistics (ONS) will receive £10 million over two years to improve the accuracy of its data following criticism over its Labour Force Survey (LFS) and concerns from institutions such as the Bank of England.

Progress

36% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
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UK Pet Owners Face Difficult Choices Amid Soaring Veterinary Bills

Rising veterinary costs in the UK are forcing pet owners to euthanize or relinquish their pets due to unaffordable treatment, with corporate consolidation in the veterinary sector a major contributing factor, as highlighted by a 264% increase in applications to a pet care charity's emergency fund.

Progress

40% Bias Score

No Poverty

Showing 61 to 72 of 803 results