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29.10.2024 - 16:22
Business
Sky News
Are Reeves’s budget plans already making investors take fright? Or is that a market misreading?
Budgets are all about numbers.In the coming 24 hours, we’ll be engulfed with all sorts of figures – about the state of the economy, about the size of the deficit, about the fiscal rules the new chancellor is planning to introduce in the coming months. But in fact most budgets, this one included, can really …
29.10.2024 - 15:04
Business
Sky News
‘Nail in the coffin’: Small businesses warn of closures if govt doesn’t ‘significantly increase’ relief
Small businesses have called for the government to “significantly increase” the employment allowance to prevent them from having to shut down following the budget.Chancellor Rachel Reeves is set to raise national insurance contributions paid by employers – despite promising not to increase the tax “for working people” – to help fill a £40bn black hole …
29.10.2024 - 13:09
Business
Sky News
Greatest number of mortgages approved per month since Liz Truss mini-budget
The number of mortgages approved in September reached a level not seen in the two years since the Liz Truss mini-budget.According to figures from the Bank of England, the month had the greatest number of mortgage approvals since August 2022, the period just before the market turmoil brought about by Ms Truss’s financial statement. Reduced …
29.10.2024 - 11:16
Business
Sky News
Supermarket giants face £200m hit from Reeves’ NI hike
Britain’s four biggest supermarket chains face paying an extra £200m in national insurance contributions between them as the chancellor prepares to raise tens of billions of pounds from a raid on businesses.Sky News understands that Tesco, Asda, J Sainsbury and Wm Morrison could be hit with the incremental tax bill from a two percentage point …
29.10.2024 - 11:08
Business
Sky News
Ministers pave way for Chatham Docks scheme in blow to steel giant
The government has opted not to intervene in proposals to close and redevelop part of Chatham Docks in Kent, a scheme which one of the world’s largest steel companies had previously warned could lead to one of its divisions abandoning the UK.Sky News has seen a letter from the Ministry of Housing, Communities and Local …
29.10.2024 - 10:53
Business
Sky News
Kanye West and Adidas reach settlement after years of lawsuits
Adidas has reached an out-of-court settlement with Kanye West – known as Ye – ending all legal proceedings between them, the sportswear brand has said. Adidas and West had been embroiled in multiple lawsuits for the past two years after the German manufacturer ended a partnership with the rapper over antisemitic comments he made in …
29.10.2024 - 10:27
Business
Business Live
Profit plunge at IG Design amid challenges, yet firm eyes second-half rebound
IG Design, the world’s largest producer of greeting cards, wrapping paper and gift bags, has seen a significant cut in its profit. However, the company is now generating cash and anticipates a recovery in the second half of the year. As predicted, group revenue dropped by 11 per cent in the six months leading up …
29.10.2024 - 10:01
Business
Sky News
More than 1,000 Ford staff to strike from tomorrow
More than 1,000 Ford employees will go on strike on Wednesday, the Unite union has said. Administrative workers in Dunton, Stratford, Dagenham, Daventry and Halewood will walk out for 24 hours over a long-running dispute about pay and contract changes. The carmaker has offered many office workers a one-off payment for 2024, rather than giving …
29.10.2024 - 09:36
Business
Evening Standard
British Gas writes to older customers in benefit drive after winter fuel row
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.British Gas is writing to older customers urging them to take up pension credit, after Labour cut winter fuel payments for people …
29.10.2024 - 04:00
Business
Sky News
How the budget could make things worse for those struggling to get by
Lowri Williams is struggling to cover her basic expenses. Earning a low income with very little support, she says she feels like she’s “living hand-to-mouth” and barely getting by.She’s one of a large group of people in low-income households who are caught in a precarious position, earning too little to comfortably support themselves, but too …
28.10.2024 - 11:58
Business
Sky News
Hospitality chief urges talks to avert wave of Tube strikes
Hospitality industry bosses are urging trade unions to abandon a wave of London Underground strikes, warning they will put jobs at risk and businesses at risk of collapse.Sky News has seen a letter sent by Kate Nicholls, chief executive of UK Hospitality, calling on City Hall and the ASLEF and RMT unions to negotiate a …
28.10.2024 - 10:45
Business
Sky News
Least and most affordable places to rent in England named in new official data
Rent has remained unaffordable in England, having been so since records began, the latest official figures show. The typical private sector renter, on a typical wage in England, paid a figure deemed to be unaffordable by the Office for National Statistics (ONS). Renters on a median income – the midpoint between the highest and lowest …
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