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Post Office targets £100m-plus fee hike from banking deal
The Post Office is proposing a big hike in the fees that banks pay to allow their customers to access its network as it attempts to secure additional funding to boost postmasters’ pay.Sky News understands that more than two dozen banks and building societies are considering a proposal submitted to them recently by the Post …
Business
Sky News
More pain to come as household bills could rise by almost £270 in April
The typical household could see major bills rise by almost £270 by April, Sky News analysis suggests.The increase in costs for energy, water and council tax would outstrip inflation and add to pressure on family budgets. The first impact will be felt from New Year’s Day, with the domestic energy price cap rising for the …
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Business Live
FTSE 100’s best and worst-performing stocks of 2024 – from British Airways owner to JD Sports
The FTSE 100 yielded a return of 5.8 per cent in 2024, but beneath the surface, a distinct divide has emerged between the winners and losers of the blue-chip index. Several stocks have been dropped from London’s main index, including Burberry, Easyjet, and Ocado, making way for heavyweights such as Games Workshop and Alliance Witan. …
Business
Sky News
Business, the economy and the pound in your pocket – what to expect from 2025
UK business goes into the new year in a surly mood.New Chancellor Rachel Reeves‘s hike in employer’s National Insurance contributions (NICs) in her autumn budget will raise the cost of employing people and that is likely to have an impact on both hiring and investment. For individual sectors, there are specific challenges: the car industry, …
Business
Sky News
Committee of MPs calls for govt to be fined as Post Office victims face ‘second trial’
A committee of MPs has called for the government to be fined if it fails to provide redress quickly enough to victims of the Horizon software scandal, as its report said the Post Office has spent at least £136m on legal fees. New legally enforceable time limits for each stage of claim processing should be …
Business
Sky News
Private school parents facing higher fees from today as VAT policy kicks in
Parents who send their children to private schools could face higher fees from today as the government’s flagship VAT policy comes into force.Labour on Wednesday scrapped the VAT exemption and business rates relief for private schools, forcing some academic institutions to offset the hike with raised fees for parents. Others have entirely restructured, with thousands …
Business
Sky News
Energy bills to become more expensive from today
As energy bills become more expensive from today, 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 had …
Business
Sky News
Former gambling exec Flint to chair Hargreaves Lansdown
The consortium which is in the process of buying Hargreaves Lansdown, the funds supermarket, for more than £5bn is lining up a prominent former gambling executive as its new chairman.Sky News has learnt that Richard Flint, a former boss of Sky Betting & Gaming, has been identified as the preferred candidate to replace Alison Platt, …
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Business Live
UK music industry at risk as government proposes AI copyright law changes, warns BPI
The British Phonographic Industry (BPI), a UK music trade association, has issued a stern warning against the proposed changes to copyright law by the UK government, citing uncertainty around the application of current law to AI technology. The BPI stated that the new consultation on AI and copyright could potentially “devalue” British artists and their …
Business
Sky News
Pizza Hut restaurant operator races to finalise new ownership
The operator of nearly 150 Pizza Hut restaurants in the UK is in advanced talks with potential buyers as it races to wrap up a deal to secure its future.Sky News has learnt that Heart With Smart (HWS), the US-owned brand’s biggest UK franchisee, is aiming to select a preferred bidder in January after weeks …
Business
Business Live
Pubs call for ‘swift and meaningful’ reform as number of boozers falls below 39,000
A leading pub group has urged for “swift and meaningful” reform to business rates, following new data revealing that the number of pubs in England and Wales has dropped below 39,000 for the first time this year. The figures, analysed by commercial real estate specialists at Altus Group, show that 412 pubs were either demolished …
Business
Sky News
Almost 170,000 retail jobs lost in 2024 – and there could be even more next year
Almost 170,000 retail workers lost their jobs this year after the collapse of major high street chains, according to data.It is the highest since more than 200,000 jobs in the sector were lost in 2020 in the aftermath of the COVID pandemic, which forced retailers to shut their stores during lockdowns. The figures, compiled by …

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