Tag #Uk Economy

Showing 721 to 732 of 1,018 results

theguardian.com
🌐 75% Global Worthiness
News related image

UK to Subsidize Drax Power Plant with £1.8 Billion

The UK government will provide Drax power plant with £1.8 billion in subsidies from 2027-2031 to ensure energy security, despite the plant's high profits and past subsidies totaling £7 billion since 2012, with a guaranteed power price significantly above market rates.

Progress

44% Bias Score

Affordable and Clean Energy
theguardian.com
🌐 75% Global Worthiness
News related image

M&S CEO Urges UK Government to Delay Tax and Recycling Charges

Marks & Spencer's CEO calls for a delay or easing of planned UK tax and recycling charges, warning of a £7bn cost increase for retailers this year and claiming the retail industry is being unfairly burdened with poorly planned policies.

Progress

48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
News related image

Bank of England Warns Against Hasty Interest Rate Cuts Amid Stagflation Fears

The Bank of England's chief economist warned against rapid interest rate cuts despite a recent 0.25 percent reduction to 4.5 percent, citing slower-than-anticipated disinflation and the risk of inflation exceeding the 2 percent target; the bank also slashed its UK growth forecast to 0.75 percent, ra...

Progress

40% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
News related image

UK House Prices Soar to Record High Amidst Impending Stamp Duty Hikes

Driven by impending stamp duty hikes, UK average house prices hit a record high of £299,138 in January 2024, fueled by a 0.7% monthly increase and improved mortgage rates, despite stagnant economic growth.

Progress

48% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
News related image

Holistic Public Support Could Save £18 Billion Annually, Study Shows

A Manchester Metropolitan University study shows that a holistic approach to supporting 363,000 people in Britain with multiple acute problems could save £18 billion annually by reducing the need for long-term welfare and allowing them to become productive citizens, challenging the current fragmente...

Progress

48% Bias Score

No Poverty
dailymail.co.uk
🌐 85% Global Worthiness
News related image

UK Growth Forecast Halved Amid Stagflation Fears, Labour Holds Secret Crisis Meeting

The Bank of England slashed its UK growth forecast to 0.75 percent, warned of rising inflation to 3.7 percent, and hinted at stagflation, forcing a crisis meeting of Labour ministers who plan to keep details secret, sparking criticism from the opposition.

Progress

48% Bias Score

No Poverty
dailymail.co.uk
🌐 85% Global Worthiness
News related image

UK Retailers Demand End to Shein Customs Loophole

The UK government faces pressure from major retailers to close a customs loophole benefiting Shein, a Chinese-made fashion group, allowing it to avoid import duties on parcels below £135, causing unfair competition for struggling British businesses.

Progress

64% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
News related image

Bank of England Cuts Interest Rates Amidst Economic Slowdown

The Bank of England unexpectedly cut interest rates last week, despite inflation risks, to counter the threat of sluggish economic growth; this move, backed by the chancellor, aims to reduce borrowing costs and ease cost of living pressures, though its effectiveness is questioned.

Progress

48% Bias Score

Decent Work and Economic Growth
tr.euronews.com
🌐 85% Global Worthiness
News related image

BP, BAT, and UK Banks Face Investor Scrutiny Amidst Shifting Energy and Economic Landscapes

BP will release its full-year results on February 11th, with investors closely watching its future strategy, following underperformance relative to global peers and concerns about the pace of its transition to renewable energy; British American Tobacco will announce its 2024 preliminary results on F...

Progress

20% Bias Score

Climate Action
bbc.com
🌐 75% Global Worthiness
News related image

UK Scraps Tariffs on Chinese E-bikes, Sparking Industry Backlash

The UK government scrapped tariffs on non-folding Chinese e-bikes from Friday, potentially saving consumers £200 per bike but sparking criticism from UK manufacturers who fear a flood of cheap imports into an already struggling market.

Progress

64% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
News related image

UK Government to Reform Welfare System Amid Rising Benefit Costs

Work and Pensions Secretary Liz Kendall stated that some people on benefits are abusing the system, as the government seeks to curb welfare spending; a DWP survey of 3,401 benefit recipients shows 270,000 young people (16-34) are not working due to long-term sickness and mental health issues, a 26% ...

Progress

68% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
News related image

Bank of England Base Rate Cut Brings Mortgage Relief

The Bank of England cut the base rate by 0.25 percentage points to 4.5 percent on February 22, 2024, offering relief to homeowners with tracker mortgages who could see annual payments fall by almost £350 on a £200,000 mortgage, while lenders like Santander will pass on the reduction from March 3; fu...

Progress

36% Bias Score

Reduced Inequality

Showing 721 to 732 of 1,018 results