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Sky News
Chancellor under immense pressure to start restoring order to public finances
Rishi Sunak has a problem.The chancellor is under immense pressure, as today’s figures showed, to start restoring order to the public finances. The government borrowed £53.4bn in just April and May alone. To put that into context, borrowing during the entire 2018-19 financial year, the last full year before the pandemic struck, was just £24.7bn.Or, …
Business
Sky News
Bitcoin slides below $30,000 on China crackdown fears
Bitcoin has dipped below $30,000 for the first time since late January as China’s latest crackdown on cryptocurrencies takes its toll.A fall of more than 7% took the token’s value to just above $29,000 in Tuesday trading, adding to a fall of 10% seen a day earlier. Losses of nearly 30% in the last week …
Business
Sky News
Aston Martin sues Swiss car dealer over deposits on £2.5m Valkyrie model
Aston Martin is suing a Swiss car dealer which it claims failed to hand over customer deposits for its £2.5m Valkyrie supercar.The luxury vehicle maker said civil proceedings had been filed against Nebula Project and that, backed by some of its customers, it was asking prosecutors to consider a criminal investigation. Aston Martin said the …
Business
Sky News
Morrisons takeover latest, lower government borrowing and Andy Murray’s new investment
Sky’s Ian King takes a look at the latest in the Morrisons takeover bid and how it’s affected trading.Plus, the government’s borrowing is lower than it was last year – but is still at its second highest level.And tennis star Andy Murray talks about how the rapper Pitbull encouraged him to invest in an organic …
Business
Euro News
Brussels launches antitrust probe into Google’s digital ad tech practices
The European Commission announced on Tuesday that it has opened a new antitrust probe into Google to determine whether the American multinational is abusing its position when it comes to online digital advertising technologies.The Commission said the investigation will assess “whether Google has violated EU competition rules by favouring its own online display advertising technology …
Business
Business Live
Fire safety glass firm to open huge Merseyside factory after deal for key unit
Business
Business Live
Tui joins legal fight against Government’s travel traffic light system
Business
Business Live
Former Newcastle city centre bank to be transformed in multimillion-pound scheme
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Business
Business Live
North Wales chicken abattoir that supplies KFC and major supermarkets is creating 60 apprenticeships
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Business
Business Live
Former Royal Marine Commando behind thrilling Zip World brand
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Business
Evening Standard
Losses widen at recruiter Staffline after Covid hit to demand for manufacturing jobs
Blue-collar recruiter Staffline has reported a hefty 2020 loss after Covid‘s hit to manufacturing jobs, but bosses are hailing a resurgence in some sectors and the AIM-listed firm’s new “leaner” operations.Staffline, which places around 40,000 workers a day at more than 450 client sites, reported revenues of £927 million for the year to January, down …
Business
Evening Standard
Fresh hope for economy as government borrowing tumbles
FRESH hope that the UK economy might escape the worst ravages of the pandemic at a lower cost than previously thought emerged today when government borrowing again tumbled.THE UK government borrowed £24.3 billion to make ends meet in May, much lower than official forecasts or the best guesses of City economists.And while that takes the …

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