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Sky News
Bank of England to grow ‘northern hub’ with 500 staff
The Bank of England has revealed a major expansion of its presence in Leeds as part of efforts to spread its work outside London.The Bank said its current operation in the West Yorkshire city, which has 70 staff, would grow to 500 by 2027. It said this would be mainly achieved through new hiring and …
Business
Evening Standard
The Bank shouldn’t be shy on cutting interest rates
For the past three years we have been blighted by inflation and told that, however painful it may be, borrowing costs had to go higher.From next week we could start reading that inflation is in fact now too low, a change of direction that might make little sense to non-economists, or indeed to most people …
Business
Evening Standard
The UK needs an energy transition not an energy cliff-edge
In the 1970s, the American economist Arthur Laffer described how higher taxes can end up creating the opposite outcome to that intended – instead of increasing government tax revenue, it ends up reducing tax revenue, because higher taxes reduce the incentive to work, spend and invest. This apparent paradox is exactly where the Labour tax …
Business
Evening Standard
GSK nets £1.2bn after selling final stake in Sensodyne maker Haleon
GSK has raised £1.2 billion after offloading its last remaining stake in Sensodyne and Advil firm Haleon, nearly two years after spinning off the consumer healthcare firm.GSK sold the final shares in Haleon at 324p each, ending a gradual sell-down of its holding in the firm.It has raised about £3.9 billion in total from the …
Business
Sky News
Body Shop administrator to launch auction of stricken chain
The Body Shop’s administrators are to launch an auction of the chain after concluding that an alternative restructuring of one of Britain’s best-known high street retailers was not viable.Sky News has learnt that FRP Advisory, which has been overseeing the collapsed business since January, is to begin formally sounding out potential buyers in the coming …
Business
Sky News
Reality TV stars charged over promoting unauthorised investment scheme
A group of social media influencers have been charged in relation to promoting an unauthorised investment scheme.The Only Way Is Essex (TOWIE) original cast member Lauren Goodger, 37, former Love Island star Biggs Chris, 32, and Celebrity Big Brother winner Scott Timlin, 36, also known as Scotty T, are among seven TV personalities alleged to …
Business
Sky News
About 100 sub-postmaster convictions separate to Post Office cases may be ‘tainted’
Prosecutions of sub-postmasters by the Department for Work and Pensions could be “tainted”, a Sky News investigation has found, as officials worked with now discredited Post Office investigators to secure convictions.Around 100 prosecutions of Post Office staff were led by the Department for Work and Pensions (DWP) between 2001 and 2006. It is understood that …
Business
Sky News
‘I blocked her number’: Ex-head of IT says Paula Vennells ‘hoped to avoid’ Post Office inquiry
A former Post Office executive has said she was forced to block ex-boss Paula Vennells’ phone number after the ex-CEO called multiple times asking for help to avoid an independent inquiry into the Horizon IT scandal.Lesley Sewell, previously the company’s head of IT, told the Post Office inquiry on Thursday that former CEO Ms Vennells …
Business
Sky News
Is the ‘billionaire boom’ over? Mega wealthy dwindle in new rich list
The UK’s mega rich are dwindling in a sign Britain’s “billionaire boom has come to an end”, according to the latest Sunday Times Rich List.Published today, the list reveals the largest fall in billionaires in the guide’s history – from a peak of 177 in 2022 to 165 this year. While the combined wealth of …
Business
Evening Standard
Watches of Switzerland says UK sales continue to be hit by tourist tax
Business
Euro News
EasyJet share price sinks 6% as airline announces CEO will step down
Business
Euro News
French football club owner Frank McCourt set for US TikTok bid

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