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Sky News
Two million Britons to get pay rise from April
The national living wage will rise to £11.44 per hour from April.Chancellor Jeremy Hunt has announced he is accepting the recommendation from the Low Pay Commission – an increase of £1.02 from the current rate of £10.42. According to the Treasury, it is the largest ever cash increase to the rate – and is equivalent …
Business
Sky News
Bank of England governor dismisses prospect of interest rate cuts
Markets are underestimating how persistent inflation will be in the next year and interest rates are likely to remain high as a result, the governor of the Bank of England has said.Andrew Bailey told MPs that Bank rate is likely to be kept at an elevated level for a “significant” period in order to bring …
Business
Sky News
Fiscal headroom, inheritance tax, thresholds – what key autumn statement terms mean
Big financial announcements such as the autumn statement can be jammed with jargon – so we have produced a glossary of some key terms to help you navigate the day.Chancellor Jeremy Hunt will get to his feet today in the House of Commons to deliver his end of year tyre-kicking of the UK economy. Here …
Business
Sky News
Deliveroo riders are not employees, Supreme Court rules
Deliveroo delivery riders are not employees, the UK’s highest court has ruled.The Supreme Court said people working for Deliveroo couldn’t be considered employees because they don’t have specified hours, can work for rival companies, and can appoint someone to work in their place. The arrangement between Deliveroo and its riders is “fundamentally inconsistent with any …
Business
Business Live
Premier Forest Products makes its second business acquisition this month
Leading timber company Premier Forest Products has made its second acquisition deal this month. The acquisitive Newport-based £120m annual revenue business, has bought County Durham-based North-East Sheets & Panels (NESP) for an undisclosed sum. Established in 1998, NESP is a specialist manufacturer and supplier of made-to-measure doors, panels, cabinets and worktops to trade customers and …
Business
Evening Standard
UK and South Korea to launch trade talks during presidential state visit
Business
Sky News
Barclays in ten-day race to repay Telegraph newspaper loans
The former owners of The Daily Telegraph face a formal ten-day deadline to repay more than £1bn to Lloyds Banking Group or face seeing the liquidation of a key holding company.Sky News has learnt that the Barclay family has agreed to repay £1.16bn to Britain’s biggest high street lender by 1 December, with a crucial …
Business
Sky News
Phone and broadband provider fined £1.4m for breaching consumer protection rules
The electricity, phone and broadband provider arm of Shell has been fined £1.4m by the communications regulator for breaking customer protection rules. Shell Energy was hit with the fine for failing to flag contract ends and the best deals for phone and broadband customers, Ofcom said. More than 70,000 such customers were not properly prompted …
Business
Sky News
‘If you can work, you should,’ says minister – as benefits crackdown looms
There is a “duty on citizens” to work if they are able to, a government minister has said.Chief secretary to the Treasury, Laura Trott, told Sky News the Conservatives believe “if you can work, as a principle, you should work”, saying the tenet is “the thrust of all our policies”. Her remarks came ahead of …
Business
Sky News
Elon Musk sues watchdog group after major companies pull ads
Elon Musk’s X (formerly Twitter) has sued the watchdog group Media Matters alleging it manufactured a report to show advertisers’ posts alongside neo-Nazi and white nationalist content.Major US companies including Disney, Warner Bros and Sky News’ parent company Comcast pulled advertising from X over concerns about their ads showing up next to hate speech on …
Business
Euro News
Brussels prolongs subsidies for EU companies struggling with high energy prices until June 2024
Business
Euro News
The bears louder than the bulls as companies prepare for EU deforestation regulation

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