Tag #Uk Economy

news.sky.com
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Post Office Seeks £100-£150 Million Annual Fee Hike From Banks

The Post Office is proposing a fee hike of £100-£150 million annually for banks using its network, raising the annual cost to £350-£400 million, to fund improved postmasters' pay and maintain cash services in 11,500 branches amid widespread bank branch closures.

Progress

36% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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UK Bond Yields Soar, Exceeding 4.5 Percent Amidst Market Concerns

The UK's ten-year government bond yield has reached 4.63 percent, exceeding levels from Liz Truss's premiership and surpassing German and Italian yields, reflecting market concern over the government's economic policies and impacting households and economic growth.

Progress

44% Bias Score

Reduced Inequality
t24.com.tr
🌐 85% Global Worthiness
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Global Reactions to Deadliest Plane Crash in 5 Years

A plane crash in South Korea killed 179 people, marking the deadliest incident in five years; Elon Musk criticized the UK's economic climate; and former US President Jimmy Carter passed away at 100.

Progress

16% Bias Score

Good Health and Well-being
dailymail.co.uk
🌐 75% Global Worthiness
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Labour's Public Sector Pivot: Economic Implications and Risks

Chancellor Rachel Reeves plans a 2025 shift prioritizing the UK public sector over the private sector, reversing decades of policy and potentially increasing taxes and government debt due to high public sector pay and unfunded pensions totaling £1.3 trillion.

Progress

60% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Labour's Net-Zero Levy: Risk of Increased Plastic Waste

Labour's new net-zero levy, intended to reduce waste by charging manufacturers per tonne of packaging, is criticized for potentially increasing plastic use due to its weight-based fee structure, adding £56 annually to household costs and potentially increasing landfill waste; industry leaders warn o...

Progress

64% Bias Score

Responsible Consumption and Production
news.sky.com
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Starmer Orders UK Regulators to Prioritize Economic Growth

British Prime Minister Sir Keir Starmer ordered over ten key regulators, including Ofgem, Ofwat, and the FCA, to submit pro-growth initiatives by January 16th to address Britain's sluggish economy, following a Christmas Eve letter demanding regulatory reform to prioritize growth and investment.

Progress

52% Bias Score

Decent Work and Economic Growth
news.sky.com
🌐 75% Global Worthiness
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Post Office Seeks £150m Annual Fee Hike from Banks

The Post Office is proposing a substantial fee increase to banks for access to its network, raising annual costs to £350-£400 million to improve sub-postmasters' pay and address past financial issues. Approximately 30 banks must respond by early spring.

Progress

36% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Britons' Optimism on Personal Finances Defies Widespread Economic Pessimism

KPMG's UK Consumer Pulse survey shows that 40% of Britons believe the UK economy is worsening, while 25% think it is improving, despite 57% of 3,000 respondents feeling financially secure and planning significant spending in 2025; this contrasts with the CBI's prediction of a harsh economic climate ...

Progress

48% Bias Score

Decent Work and Economic Growth
theguardian.com
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Economists Warn of Risks in UK's Plan to Deregulate Financial Sector

Economists warn that Rachel Reeves's plan to loosen financial regulations in the UK could harm the economy, citing risks to the government's growth strategy and the lessons of the 2008 financial crisis; they highlight the sector's contribution to inequality and instability, contrasting its growth wi...

Progress

56% Bias Score

Reduced Inequality
news.sky.com
🌐 85% Global Worthiness
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UK Retail Job Losses Surge to 169,395 in 2024

The UK retail sector experienced a significant increase in job losses in 2024, with 169,395 positions lost due to business failures and cost-cutting, exceeding the 2020 pandemic levels, and is predicted to worsen in 2025.

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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UK Retail Job Losses Surge to 169,395 in 2024

The UK lost 169,395 retail jobs in 2024—a 42% increase from 2023—due to business failures (e.g., Homebase, The Body Shop), cost-cutting, and rising economic pressures, exceeding 2023 levels and only slightly less than the 2020 pandemic's impact.

Progress

36% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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2025 Investment Outlook: Navigating Trump's Policies and the AI Revolution

The article analyzes investment strategies for 2025, focusing on US market opportunities despite Trump's policies, UK resilience, and European challenges, alongside the AI revolution's impact.

Progress

44% Bias Score

Decent Work and Economic Growth