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Inflation falls to 2.5% in surprise dip as fuel costs rise
In a surprise move, the UK’s inflation took a downward turn last month as lower hotel prices helped balance out an increase in fuel costs, newly released official statistics indicate. The Consumer Prices Index inflation rate dropped to 2.5% in December, down from November’s 2.6%, per the Office for National Statistics (ONS). Forecasts had largely …
Business
Sky News
Good news on inflation could be quickly erased by tax rises and Trump turbulence ahead
A fall in December’s CPI inflation of 0.1 percentage points to 2.5% is marginal, but by being below expectations it delivered an above-expectations boost to Rachel Reeves.The chancellor has been under intense scrutiny for the last week as UK borrowing costs have risen (in line with US and European peers) and the value of the …
Business
Sky News
Surprise fall in inflation after two months of rises
There’s been a surprise fall in inflation to 2.5% after two months of rises, official figures show.It means prices are still rising but at a slower pace than before, according to Office for National Statistics (ONS) data for December. Economists had expected the figure to remain at 2.6%, the level recorded in November.Money latest: What …
Business
Sky News
Musk sued over buying Twitter shares at artificially low prices by US finance regulator
Elon Musk is being sued for failing to disclose his purchase of more than 5% of Twitter stock in a timely fashion.The world’s richest man bought the stock in March 2022 and the complaint by the US Securities and Exchange Commission (SEC) said the delay allowed him to continue buying Twitter stock at artificially low …
Business
Sky News
Apple AI feature ‘must be revoked’ over notifications misleading users
Apple AI is sending misleading push notifications about sensitive stories like Gisele Pelicot’s mass rape trial, Britain’s grooming gang scandal and a prison officer filmed having sex with an inmate.Concerns have now been raised with Apple by multiple news organisations over the AI summary feature, which is available on iPhones with Apple Intelligence. The feature …
Business
Sky News
TikTok reacts to report of Musk ownership to prevent US ban
TikTok has described a report it could sell its threatened US business to Elon Musk as “pure fiction”.The short video platform’s Chinese owners ByteDance are facing the prospect of TikTok being shut down permanently in America on Sunday. That is when a US government ban, on national security grounds, is due to take effect.Money latest: …
Business
Sky News
Chancellor accused of refusing to ‘face up to her own failures’ amid market turmoil
Chancellor Rachel Reeves has been accused of refusing to “face up to her own failures” by “jetting off to Beijing” during a week of market turmoil.Shadow chancellor Mel Stride accused the chancellor of ducking difficult questions as the “government was losing control of the economy” while Ms Reeves visited China over the past week with …
Business
Sky News
Trump to deliver Davos speech days after inauguration
Donald Trump will address business and world leaders at the World Economic Forum (WEF) in Davos, Switzerland, in a virtual appearance from the US three days after his inauguration as President.The Davos event, which starts on Monday, will attract more than 3,000 business and political leaders to the Swiss Alps. They will include 900 company …
Business
Sky News
Competition watchdog launches investigation into Google
Google could be required to hand over data it collects to businesses as the UK competition regulator launched an investigation into the tech giant. The Competition and Markets Agency (CMA) said it launched the inquiry to assess how Google‘s search and advertising services impact users and businesses such as advertisers, news websites, and rival search …
Business
Sky News
Foreign and culture secretaries recruit bosses to new Soft Power Council
The former chief of the defence staff, the head of the BBC’s commercial arm and the chair of the Football Association are among the notable figures lined up to aid government efforts to deploy Britain’s ‘soft power’ more effectively on the global stage.Sky News has learnt that General Sir Nick Carter, Tom Fussell and Debbie …
Business
Sky News
Farage and Candy to host £25,000-a-head Reform fundraiser
The Reform UK leader Nigel Farage will host a £25,000-a-head fundraiser later this month, weeks after his new treasurer – the property billionaire Nick Candy – pledged to secure more money for the party than any other in British political history.Sky News has seen an invitation to a central London venue on 28 January at …
Business
Business Live
Ocado Retail celebrates record-breaking year driven by strong Christmas sales
Ocado Retail reported a significant surge in sales in the weeks leading up to Christmas, outpacing the broader market with double-digit revenue and customer growth. The company, a joint venture between Ocado and Marks and Spencer, announced a 17.5 per cent increase in revenue in the 13 weeks leading up to 1 December, according to …

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