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Tariffs have a long history in the US – two charts tell that story
There’s a chart that’s been doing the rounds in recent weeks – American businessman Marc Andreessen tweeted it, and then it was reposted by Donald Trump himself. The chart is pretty simple: it shows the proportion of American federal government revenues coming from tariffs, going all the way back to the early days of American …
Business
Sky News
Reeves risks economic ‘doom loop’ if spending cuts continue
Rachel Reeves risks entering an economic “doom loop” if she continues to cut spending, a former Bank of England chief economist has warned.Andy Haldane, who was with the Bank for 32 years until 2021, said the Office for Budget Responsibility’s (OBR) forecast in March could lead to less investment and spending. He told Sky News’ …
Business
Business Live
Gambit Corporate Finance toast best ever year with deals worth £500m in 2024
Gambit Corporate Finance orchestrated transactions with a value of more than £500m in 2024 in what was its best ever year. The mid-market corporate finance advisory firm, established in 1992, said that while the UK mergers and acquisitions (M&A) market experienced some turbulence last year, due to continued macroeconomic headwinds and concerns over the likelihood …
Business
Business Live
Victorian Plumbing founder Mark Radcliffe set for huge pay day after bonus boost
The billionaire founder and CEO of Victorian Plumbing, Mark Radcliffe, is set for a significant pay rise after the company’s remuneration committee decided to increase his base salary from £250,000 to £400,000 starting 1 April, 2025. The committee also raised the maximum award from the long-term incentive plan (LTIP) from 150% to 200% of his …
Business
Sky News
Netflix to raise prices for some subscribers as it reports millions of new customers
Netflix is raising prices for some subscribers as it reported 18.9 million new customers in the last three months of 2024. Prices will rise for users in the United States, Canada, Portugal and Argentina. Netflix has not confirmed if the UK will see any similar price increases. In the United States a standard monthly plan …
Business
Sky News
Borrowing hits four-year high for December
The Treasury borrowed more than expected last month to record the highest December sum for four years, official figures have shown, with higher debt interest payments adding to the bill.The Office for National Statistics (ONS) reported a net borrowing figure for December of £17.8bn when a sum just above £14bn had been expected by economists. …
Business
Sky News
Trump tries to negotiate TikTok sale on live TV as he defends Capitol riot pardons
Donald Trump has attempted to negotiate a potential TikTok sale on live television, in what was supposed to be an announcement about investment in artificial intelligence (AI) infrastructure.The US president was holding a news conference about a $500bn (£405bn) investment in AI infrastructure in the country, but was questioned about a range of topics. At …
Business
Sky News
Politics may stand in the way of economics when it comes to airport expansion
It is no surprise to see a government that claims to be committed to making economic growth a priority giving the green light to expansion of Gatwick Airport and Luton Airport.Nor, for that matter, would it be a surprise for a third runway at Heathrow Airport to be given the go-ahead by Sir Keir Starmer‘s …
Business
Sky News
From business to politics – Trump has everyone in Davos guessing
Donald Trump likes to discomfort his enemies.Not to mention his friends, his partners, business adversaries, celebrity critics, anyone, in fact, who could end up on the other side of a deal. As president of the world’s largest economy, that makes for a long list, many of them in Davos on Tuesday trying to make sense …
Business
Sky News
Employee payments fintech Aslan roars to life with £4m seed funding
A British fintech which pledges to improve workers’ financial wellbeing has secured a $5m (£3.9m) seed funding round led by the prominent venture capitalist Notion Capital.Sky News understands that Aslan, which was founded by James Gozney, will announce the fundraising later this week. Aslan, which provides reward cards offering tax-efficient cashback on everyday spending for …
Business
Sky News
Water boss blames 15 years of ‘flat bills’ for industry woes
The boss of under fire Southern Water has told MPs that 15 years of “flat bills” is responsible for the industry’s struggles with sewage spills and supply outages.Lawrence Gosden said during evidence to the environment, food & rural affairs committee’s inquiry into the water industry that a historic regulatory priority on keeping bills low meant …
Business
Business Live
Mr Kipling mince pies and Brownie Bites double sales at Premier Foods
Premier Foods, the owner of Mr Kipling, reports robust sales figures in both the UK and Australia, with festive favourites like mince pies and Brownie Bites more than doubling year-on-year sales over the holiday period. Following this performance, the company predicts its full-year profit to hit the higher range of market expectations—between £180.1m and £186.4m—prompting …

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