As the dust settles on a tumultuous week for gilts (UK government bonds) and sterling – a week that has raised serious questions about chancellor Rachel Reeves’s stewardship of the economy – the big question many people will be asking is why investor sentiment has shifted so much against the UK in the past week.
Business
Grocery shoppers are being warned of renewed hikes to food costs in the months ahead due to retailers passing on budget tax hike costs. The British Retail Consortium (BRC) warned that food prices will rise by an average of 4.2% in the latter half of the year – piling more pressure on households at a
As energy bills become more expensive from 1 January, respected forecasters have said they are likely to rise further in spring instead of fall, as first anticipated. The energy price cap rises from January, bringing the cost of a typical annual bill to £1,738 – £21 a year more than from October to December. Bills
Manchester United Football Club is to cut the funding it provides to its charitable arm as part of a purge of costs being overseen by Sir Jim Ratcliffe, its newest billionaire shareholder. Sky News has learnt that the Premier League club plans to inform the Manchester United Foundation that it intends to curb the benefits
UK car manufacturing fell again in November, the ninth month of decline in a row, according to industry data. A total of 64,216 cars were produced in UK factories last month, 27,711 fewer than in November last year – a 30% drop, according to data from the Society of Motor Manufacturers and Traders (SMMT). The
Every week in our Money blog, we answer questions about your financial problems or consumer disputes. This week, a reader asked what they have to do if they are overpaid. Debbie asked: “I work as a chef for a high-profile hotel. In August I was overpaid by £560. I’ve spoken to a colleague who said
Woodbridge is the place to be for residents wanting to live the happiest life, according to new research. The market town in Suffolk topped Rightmove’s annual list of the happiest places to live in Britain for the first time after knocking London’s Richmond upon Thames off the top spot. Residents of Woodbridge gave high scores
House prices are now growing far higher than expected and at the fastest annual rate in nearly two years, the UK’s largest building society has said. In the year up to November, houses became 3.7% more valuable, according to Nationwide. Not since November 2022 have prices been rising as fast. Prices are now just 1%
People from all parts of the UK, representing all age groups including a significant majority of Labour voters, believe the rate of inflation will increase in the next year across a range of categories, from bills and shopping to going out. Almost three quarters (71%) of those surveyed between 22 and 25 November expect the
The BBC licence fee will increase in line with inflation each year until 2027, the government has announced. It will mean bills will rise by £5, or an extra 42p a month, from April next year – bringing the total cost of a TV licence to £174.50. The hike comes after a £10.50 rise brought
Just Eat has revealed plans to abandon its London stock market listing by the end of the year, dealing a fresh blow to the City. The Netherlands-based food delivery firm said the decision would allow it to cut costs and complexity. It would maintain a single listing in its home market, Just Eat’s statement said,
A UK-based business which uses thermal imaging to detect heat loss from buildings anywhere on Earth will announce this week that it has raised another £10m from prominent backers. Sky News understands that SatVu has secured the funding ahead of two satellite launches scheduled to take place next year. The fundraising is being led by
The managing director of Jaguar has hit out at what he called “vile hatred and intolerance” after the car company released a new advert. A 30-second clip posted on the luxury car brand’s X account on Tuesday prompted online backlash after it featured a diverse group of models posing in bright clothes but no vehicles
Gas and electricity bills will become even more expensive in January, as the energy regulator Ofgem ups the price cap. A typical yearly bill will be £1,738 from January, an increase of 1.2%. For billpayers, it means an extra £21 a year or around £1.75 a month. It’s another blow as falls in prices had
At least eight convictions predating the Horizon Post Office scandal are being looked at by the body investigating potential miscarriages of justice, Sky News has learned. The Criminal Cases Review Commission (CCRC) has confirmed it is examining multiple cases of former sub-postmasters affected by Capture software. The computer accounting system was used in the early
Ford has announced plans to cut 4,000 jobs across Europe – including 800 in the UK. The car manufacturer said the cuts are needed as part of plans to bolster its competitiveness amid the stuttering drive to an all-electric vehicle (EV) future that has hit sales. Ford said the cuts would take place over the
Inflation jumped to 2.3% in October – a six-month high. A rise in household energy bills contributed to the higher-than-expected reading. Economists had forecast a figure to 2.2% after a three-year low of 1.7% in September. But how does all of this affect the cost of groceries, clothing and leisure activities? Use our calculator to
Energy bills are to rise again next year, according to a respected forecaster. Costs from January to March are projected to rise another 1% to £1,736 a year for the average user, according to research firm Cornwall Insight. The energy price cap, which sets a limit on how much companies can charge per unit of
An AI software company which counts Britain’s largest gas distribution network among its clients will this week announce that it has secured $15m (£11.6m) in new backing from a syndicate of leading venture investors. Sky News understands that Cogna, which launched last year, has landed the funding from Notion Capital, with backing from Hoxton Ventures
Millions in incorrect fines were mistakenly handed to drivers over a major route in the UK in 12 months, according to a new investigation. Figures obtained by the PA news agency show National Highways cancelled 59,007 fines at the Dartford Crossing, which connects Thurrock in Essex with Dartford in Kent. These penalty charge notices amount
- 1
- 2
- 3
- …
- 53
- Next Page »