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Sky News
Grocery inflation hits ‘new record high of 17.1%’
UK grocery inflation continued to climb during February to reach a new record high of 17.1%, according to closely-watched industry data.Kantar Worldpanel reported that the increase over the past 12 months meant that families faced a potential £811 annual rise in the cost of their regular shopping basket. It had been hoped that a decline …
Business
Sky News
Murdoch admits some Fox News hosts ‘endorsed’ false claims made by Trump about 2020 election
Fox Corp chairman Rupert Murdoch has admitted that some Fox News commentators endorsed false claims made by Donald Trump and his allies that the 2020 presidential election was stolen – and that he didn’t try to stop them.The claims are from a deposition unsealed on Monday, which is part of a lawsuit against the cable …
Business
Sky News
Drivers leasing new electric cars ‘overcharged by hundreds of pounds each month’
Drivers leasing new electric cars are being overcharged by hundreds of pounds each month, it has been claimed.Companies have been accused of failing to reflect the strong resale value of cleaner cars when they set their prices, according to clean transport campaign group Transport & Environment (T&E). The monthly cost is typically based on a …
Business
Sky News
Government windfall undermines tough stance on public sector pay, IFS says ahead of budget
The government is set for a fiscal windfall of tens of billions of pounds thanks to stronger growth and lower energy prices, making the argument not to contribute to higher public sector pay all the more difficult to maintain, according to the Institute for Fiscal Studies (IFS).In an analysis released ahead of the 15 March …
Business
Sky News
The Windsor Framework: What is in the new post-Brexit deal on Northern Ireland?
Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen have agreed a new post-Brexit deal for Northern Ireland, calling it the Windsor Framework. lt is designed to tackle the issues impacting Northern Ireland since the UK left the EU – and the so-called Northern Ireland Protocol came into force. But what does …
Business
Sky News
PM promises ‘beginning of a new chapter’ as he unveils ‘Windsor Framework’ deal on Brexit
Prime Minister Rishi Sunak has outlined details of the “new Windsor framework” agreed with the European Union to overcome trade barriers in Northern Ireland following Brexit.The prime minister said the agreement was a “historic” and a “decisive breakthrough” that “delivers smooth-flowing trade within the whole of the United Kingdom, protects Northern Ireland’s place in our …
Business
Sky News
Business figures lobby Sunak over extradition of tech tycoon Lynch
A group of prominent British business figures have written to the prime minister to object to the prospective US extradition of Mike Lynch, the software tycoon.Sky News has learnt that entrepreneurs including Brent Hoberman, the co-founder of Lastminute.com, and FTSE-100 boardroom veterans such as Lord Stevenson of Coddenham, the former HBOS and Pearson chairman, have …
Business
Sky News
Lidl becomes latest supermarket to impose fruit and vegetable limits on shoppers
Lidl has become the latest supermarket to impose limits on the numbers of peppers, cucumbers and tomatoes customers can buy.As with other shops, the German discount supermarket has blamed the shortages on weather conditions. “As advised to our customers through signage in our stores last week, adverse weather conditions in Spain and Morocco have recently …
Business
Sky News
The energy price cap has fallen but the real winner is the government
Ofgem has lowered its cap on the amount energy companies can charge for gas and electricity but it’s not all good news.Even though wholesale energy prices have been falling, households will see their bills go up from April as the government support that has been shielding us from the worst of the energy crisis is …
Business
Evening Standard
“Back with a bang” — Primark on the up as Oxford Street booms
PRIMARK’S focus on the high street and on cut price fashion looks set to make it one of the retail winners in the post-pandemic world as shoppers on the hunt for a bargain flock to its stores.John Bason, the finance director of parent group ABF said people are enjoying the thrill of being in actual …
Business
Business Live
Admiral providing financial support to earthquake hit Turkey and Syria
Insurance to loans business Admiral has donated £250,000 to support people in Syria and Turkey impacted by the recent devastating earthquakes. The FTSE 100 firm, which employs more than 7,000 in South Wales, has provided the funding via its global emergency fund to the Disasters Emergency Committee (DEC). The DEC are helping to fund emergency …
Business
Sky News
Energy price cap falls – but average household bills still expected to rise
The energy regulator has reduced the cap on the amount energy companies can charge customers but bills are still expected to increase.Ofgem has today announced the cap on the amount typical households pay on electricity and gas bills will drop to £3,280 from 1 April. It’s a decrease from the previous cap of £4,279 effective …

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