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Sky News
Chancellor warned taxes may ‘need to be raised by £25bn’
The chancellor will need to raise taxes by £25bn if she wants to keep spending rising with national income, according to the Institute for Fiscal Studies (IFS).In its annual ‘Green Budget’ analysis, the IFS warned that the government would have to dramatically increase the £9bn of tax rises outlined in its manifesto to meet the …
Business
Sky News
Labour sweetens its employment rights bill to bring business on side
The employment bill is an attempt to reconcile a central Labour election pledge – to extend workers’ rights – with another, the imperative to deliver economic growth.In theory they should go hand-in-hand. Happy, well-rewarded workers are more productive and everybody wins. In practice, anything that limits employers’ flexibility and adds costs is contentious, and this …
Business
Sky News
Labour’s employment reforms won’t become law for two years as government seeks to reassure business
Major employment reforms promised by Labour will not become law for at least two years, as the government seeks compromise between unions and businesses on measures intended to strengthen workers rights without hindering economic growth.The Employment Rights Bill, introduced into parliament on Thursday, includes 28 measures, many of which will be subject to extended consultation, …
Business
Business Live
Councillors vote with their ‘hearts not heads’ to save businessman’s garage
An East Lancashire garage owner has been given the green light to continue his business operations, despite council officers’ initial recommendation to reject a retrospective planning application for the use of his home’s lower ground floor and yard as an auto-repair shop. The decision was made even though Hyndburn planning committee was advised by its …
Business
Sky News
£12bn Thames Water creditor group pitches rescue deal to Ofwat
Lenders holding £12bn of Thames Water’s debt have held face-to-face talks with Ofwat this week to pitch a rescue deal that they believe would avert the nationalisation of Britain’s biggest water utility.Sky News has learnt that a creditor group advised by Jefferies, the investment bank, met officials from the industry regulator on Tuesday to present …
Business
Sky News
Post Office CEO says he doesn’t need to clear his name
The outgoing boss of the Post Office has said he does not need to clear his name following criticism of his leadership over the Horizon IT scandal.Nick Read made the comments as he arrived for the first of three days of evidence to the inquiry into the scandal, in which more than 900 sub-postmasters were …
Business
Evening Standard
CMC Markets revenue surges as cost-cutting programme pays off
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.Trading platform CMC Markets has seen a surge in revenue over the last six months, following a period of strong trading and …
Business
Evening Standard
Call for £1.9bn a year to help oil and gas workers move into clean energy
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.Climate groups are calling for £1.9 billion a year to support offshore oil and gas workers and communities through the shift to …
Business
Evening Standard
Revolution Beauty forecasts return to sales growth despite half-year tumble
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.Cosmetics brand Revolution Beauty has revealed tumbling first half sales amid an overhaul but said it is set to return to growth …
Business
Evening Standard
Marston’s toasts sales growth as disposals help it slash debt pile
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.Marston’s has enjoyed a surge in its pub sales over the last year, while also trimming its debt pile by about £300 …
Business
Sky News
US officials threaten to break up Google
US officials have confirmed they are considering breaking up Google’s “illegal monopoly” of internet searches.The tech giant could face restrictions on its own products – including its Chrome browser, Play Store and Android operating system, the US Justice Department said. It comes after a judge found in August the company had broken anti-trust laws to …
Business
Evening Standard
Watchdog rules against six broadband providers over mid-contract price rise ads
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.The advertising watchdog has ruled against six of the UK’s biggest broadband providers after they all failed to make mid-contract price increases …

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