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Sky News
UK budget dims prospect of aggressive rate cuts, say economists
Hopes for consecutive interest rate cuts by the Bank of England over the next two months have been dampened by the UK government’s recent budget, economists have warned.These rate cuts typically reduce borrowing costs for consumers and businesses over time. The likelihood of back-to-back cuts slipped as the market digested last week’s statement, with the …
Business
Sky News
Should UK fear Trumponomics? What tariffs could mean for global economy
There’s fear in some quarters of another Donald Trump presidency but will the economics be that bad?Not a single vote has been counted but the policies of a possible second Trump presidency have already influenced financial markets. The cost of US and UK borrowing – measured through 10-year revenue-raising instruments called bonds – has been …
Business
Business Live
Ryanair marks a decade operating flights out of Cardiff Airport
Cardiff Airport has marked a decade of continuous operations by Ryanair. The Dublin-based airline currently operates five routes out of the Welsh Government-owned airport with Fargo, Alicante, Malaga, Tenerife and Dublin. It also provides additional flights each year during the Six Nations’ rugby tournament. Since launching its first route at the end of October, 2014, …
Business
Business Live
The budget will stifle the ability of the private sector to boost the economy
Last week the first-ever female Chancellor of the Exchequer stood up in the House of Commons to deliver a budget that has resulted in the biggest tax rises in history while raising investment for public services. While there has been considerable commentary on what the measures introduced by Rachel Reeves will mean for the economy, …
Business
Sky News
Spanish shipbuilder Navantia races to finalise Harland & Wolff takeover
Navantia, the Spanish shipbuilder, is racing to finalise a takeover of the stricken shipyard-owner that built the Titanic amid urgent talks to reshape a major government contract.Sky News has learnt that Navantia is attempting to negotiate more favourable terms for a deal to build three Fleet Solid Support ships (FSS) for the Royal Navy as …
Business
Business Live
UK motor finance sector faces potential crisis after court ruling on hidden commissions
A brewing storm in the motor finance industry is bracing itself for a potential crisis, with lenders facing a flood of compensation claims following a recent court ruling. Lars Mucklejohn examines whether the sector is on the cusp of a disaster akin to the PPI scandal. A London court’s decision on “secret” car loan commissions …
Business
Business Live
Impact of Budget 2024 on UK’s prime housing market: Experts weigh in
The Budget, for the most part, was a series of financial commitments aimed at those who depend on public services. So, how might this impact the prime housing market, which caters exclusively to the UK’s wealthiest buyers? Prime properties are generally considered to be the top five per cent of homes in any given area. …
Business
Sky News
Chelsea co-owner Boehly goes into bat with Lords cricket bid
The joint owner of Chelsea Football Club has joined forces with one of his fellow board members to bid for the most valuable team in English cricket’s Hundred competition.Sky News has learnt that Todd Boehly is backing a bid spearheaded by Jonathan Goldstein, a British property entrepreneur, in an offer for a large stake in …
Business
Evening Standard
FTSE 100 recovers ground after market jitters
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.London’s equity markets recovered significant ground after Thursday’s sell-off linked to higher yields on gilts.Gilts, UK government bonds, settled in value over …
Business
Sky News
Reynolds to hold talks with bosses amid business budget backlash
The business secretary will next week hold talks with dozens of private sector bosses as the government contends with a significant corporate backlash to Labour’s first fiscal event in nearly 15 years.Sky News has learnt that executives have been invited to join a conference call on Monday with Jonathan Reynolds, in what will represent his …
Business
Sky News
Investment giant KKR wades into Thames Water survival battle
One of the world’s largest investment firms has waded into the fight over the future of Thames Water, the water utility which is racing to stay afloat.Sky News has learnt that KKR is in talks with Thames Water and its advisers about participating in a £3bn share sale which forms part of a wider recapitalisation …
Business
Business Live
Somerset to press for alternative after A358 Taunton to A303 dualling plans cancelled
Somerset Council is planning to push the government for funding for road improvements following a decision to shelve a major dualling scheme. The local authority said the cancellation of National Highways’ £328m upgrade of the A358 between Ilminster and Junction 25 of the M5 at Taunton was “deeply disappointing”. The works were first paused in …

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