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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 …
Business
Sky News
Markets react on second open after budget – as traders concerned over some announcements
The cost of government borrowing jumped on Friday morning, while UK stocks and the pound are up, as markets digest the news of billions in borrowing and tax rises announced in the budget.While there was no panic, there had been concern about the scale of borrowing and changes to Chancellor Rachel Reeves‘s self-imposed borrowing rules. …
Business
Sky News
Markets react on second day after budget – as traders concerned over some announcements
The cost of government borrowing jumped on Friday morning, while UK stocks and the pound were up, as markets digested the news of billions in borrowing and tax rises announced in the budget.While there was no panic, there had been concern about the scale of borrowing and changes to Chancellor Rachel Reeves‘s self-imposed borrowing rules. …
Business
Sky News
Hostile market response for budget as chancellor suffers Halloween nightmare
First things first: don’t panic.What you need to know is this. The budget has not gone down well in financial markets. Indeed, it’s gone down about as badly as any budget in recent years, save for Liz Truss’s mini-budget. The pound is weaker. Government bond yields (essentially, the interest rate the exchequer pays on its …

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