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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 …
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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 …
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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 …
Business
Sky News
Manchester United Foundation to be targeted in Ratcliffe costs purge
Manchester United Football Club is to cut the funding it provides to its charitable arm as part of a purge of costs being overseen by Sir Jim Ratcliffe, its newest billionaire shareholder.Sky News has learnt that the Premier League club plans to inform the Manchester United Foundation that it intends to curb the benefits it …
Business
Business Live
Huge boost to turnover and profit at Durham construction firm MGL Group
Growth is in the works for Durham construction and demolition specialist MGL Group after it reported a significant jump in turnover and profits. The 53-year-old firm, which provides services such as civil engineering, asbestos remove and asphalt production, recorded a 62% boost to turnover of £169.9m in the year to the end of March 2024. …
Business
Sky News
Starmer throws down gauntlet to watchdogs with growth edict
Sir Keir Starmer has ordered Britain’s key watchdogs to remove barriers to growth in a bid to kickstart Britain’s sluggish economy.Sky News has learnt that the prime minister wrote to more than ten regulators – including Ofgem, Ofwat, the Financial Conduct Authority and the Competition and Markets Authority – on Christmas Eve to demand they …
Business
Business Live
The North East’s top 10 companies of 2024, as chosen by BusinessLive
Wootzano The robotics firm was named Business of the Year at the North East Business Awards after another year of multimillion-pound orders. The company, which has developed specialised robots for fruit and food picking, moved to a new base at the Cobalt Business Park in North Tyneside, and is targetting growth with a number of …

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