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Where do interest rates go from here?
Let’s start with the simple bit: interest rates have been cut – down by another quarter percentage point to 4.5%. But what happens next?Not long ago, the answer was quite simple: the Bank of England would carry on cutting borrowing costs, one quarter point cut every three months, until they reached, say, 3.5%. That, at …
Business
Sky News
What happens now interest rates have been cut?
Let’s start with the simple bit: interest rates have been cut – down by another quarter percentage point to 4.5%. But what happens next?Not long ago, the answer was quite simple: the Bank of England would carry on cutting borrowing costs, one quarter point cut every three months, until they reached, say, 3.5%. That, at …
Business
Sky News
Interest rate cut – but economic growth forecast slashed in blow to chancellor
The Bank of England has cut interest rates by another quarter percentage point, bringing down the cost of borrowing to 4.5%.And in a sign that households can expect more cuts in the months to come, two members of the Bank‘s Monetary Policy Committee said they would have preferred to reduce rates even more, by a …
Business
Sky News
HSBC to hand new chief Elhedery £15m maximum pay deal
HSBC Holdings is to hand its new chief executive a pay package potentially worth more than £15m as part of an overhaul of its bosses’ remuneration triggered by the government’s scrapping of the EU bonus cap.Sky News has learnt that Europe’s biggest lender, which has a market capitalisation of more than £147bn, is putting the …
Business
Business Live
Engineering group IMI latest UK firm to be hit by cyber attack
Engineering firm IMI says it has been hit by a cyber attack just a week after rival Smiths Group said hackers had gained access to its global systems. The Solihull-based listed company declined to disclose what data had been accessed in the attack but systems in a number of its locations worldwide are understood to …
Business
Business Live
Watches of Switzerland optimistic about US market growth post-Trump tax cuts
Watches of Switzerland has conveyed a positive outlook for the luxury market in Europe, while highlighting sustained progress in the US, indicative of the global luxury sector’s slow emergence from a two-year slump. According to the watch retailer, the once-stressed luxury market is now showing signs of stability, despite persistent pressures such as decreasing disposable …
Business
Sky News
Tesco eyes delivery of Crown Post Office branches
Tesco has expressed interest in acquiring more than 100 Crown Post Offices whose future has been placed under review as the state-owned company explores shifting them to a franchise model.Sky News has learnt that Nigel Railton, the Post Office chairman, told a group of MPs this week that Britain’s biggest retailer had informed it of …
Business
Business Live
Media giant Future plc on track despite UK advertising woes, boosts US digital revenue
Publisher Future plc has reported that it is trading according to market expectations for the first four months of its financial year, despite challenges in the UK advertising sector. The media group, known for its various specialist titles in tech, gaming and lifestyle, communicated to the markets this morning that its consumer business has continued …
Business
Sky News
‘Godfather’ of AI warns arms race risks amplifying dangers of ‘superhuman’ systems
An arms race for artificial intelligence (AI) supremacy, triggered by recent panic over Chinese chatbot DeepSeek, risks amplifying the existential dangers of superintelligence, according to one of the “godfathers” of AI.Canadian machine learning pioneer Yoshua Bengio, author of the first International AI Safety Report to be presented at an international AI summit in Paris next …
Business
Sky News
‘My boss is taking a cut of our tips because they worked on the shift – is this legal?’
Every week in our Money blog, we answer questions about your financial problems or consumer disputes. This week, a reader asked if their boss was allowed to take a cut of their tips. Elliott asked: “Can my boss take a cut of the tips that are shared between the staff if the boss works the …
Business
Sky News
Employment data shake-up could see Britons obliged to take part in survey
The shake-up of official employment data, used to help set interest rates and other crucial public policy, could see members of the public obliged to complete the survey to help bolster accuracy.The country’s top number cruncher, Sir Ian Diamond, told a committee of MPs that the Office for National Statistics (ONS) was still exploring ways …
Business
Sky News
MPs demand answers about sanctions regime after Sky investigation
The Treasury Select Committee has sent a formal notice to HM Revenue & Customs demanding answers to critical questions about how it has been enforcing trade sanctions on Russia, following a Sky News investigation into the government department.Last month Sky News reported that while HMRC had issued six fines in relation to sanction-breaking since 2022, …

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