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Surging inflation pushes cost of servicing govt debt to December record of £8.1bn
Interest payments on government debt hit a record £8.1bn for the month of December because of surging inflation, according to official figures.The Office for National Statistics (ONS) said the cost of servicing the country’s £2trn+ debt pile was almost 200% or £5.4bn up on December 2020. It is because half a trillion pounds worth of …
Business
Sky News
Under-fire PM assembles new slate of business chiefs as advisors
The bosses of some of Britain’s biggest companies have been invited to advise Boris Johnson amid suggestions that some executives are taking a more cautious approach to an affiliation with the embattled prime minister.Sky News has learnt that Downing Street has issued invitations to corporate chiefs in recent days about holding regular meetings on the …
Business
Sky News
Consumer complaints about business reach record high
Britons complained more about their treatment at the hands of businesses last year than any other on record, according to a long-running consumer survey.Issues with supply and service were most likely to cause trouble. A number of the issues were related to COVID-19, according to the Institute of Customer Service (ICS).The survey from the ICS …
Business
Sky News
Minister resigns over government’s ‘lamentable’ record on tackling COVID business loan fraud
A minister has resigned at the despatch box after criticising the government’s record on tackling fraud in the coronavirus business schemes.Lord Agnew, who was both a Treasury and Cabinet Office minister, dramatically quit his role in Boris Johnson’s government in the House of Lords on Monday afternoon, saying the Department for Business, Energy and Industrial …
Business
Sky News
AnyVan picks up former Just Eat backer for £125m fundraising
A British logistics technology company that has facilitated millions of courier assignments is raising £125m to fund its expansion.Sky News understands that AnyVan, which was founded in 2009 by Angus Elphinstone, will announce this week that Vitruvian Partners, a growth capital investor, has led its largest fundraising to date. AnyVan, which has access to a …
Business
Business Weekly
Illumina and Cambridge show Minister how science improves lives
Genomics powerhouse Illumina and Cambridge Biomedical Campus (CBC) gave Science & Innovation Minister George Freeman a masterclass in how Cambridge is leading innovation in life sciences. Freeman was able to reflect on the historical journey of the advances in sequencing technology. As well as being the hub for UK life sciences, the Illumina Centre is …
Business
Sky News
COVID tests for fully vaccinated travellers arriving in England to be scrapped, PM confirms
COVID tests for fully vaccinated travellers arriving in England are being scrapped, Boris Johnson has confirmed.It comes after the chief executives of the UK’s largest airlines urged the government to end coronavirus-related travel restrictions. The bosses pointed to evidence that the Omicron variant is in retreat, and argued that current measures have a “limited effect” …
Business
Sky News
COVID tests for fully jabbed travellers to England to be scrapped from 11 February
COVID tests for fully vaccinated travellers arriving in England are being scrapped.Starting at 4am on 11 February, there will be no requirement for vaccinated passengers to do post-arrival lateral flow tests, said Transport Secretary Grant Shapps. The change will be in time for the half-term break.“That means that after months of pre-departure testing, post-arrival testing, …
Business
Business Live
The Covid rules in England changing this week and what’s coming up next
Plan B measures to slow the spread of the Covid-19 Omicron variant come to an end on Wednesday January 26. Work from home guidance that came into force on December 13 is already over with commuters returning to the usual 9-5 routine. Face coverings are no longer advised for staff and pupils in secondary schools …
Business
Sky News
Stocks and Bitcoin take fresh hits as cocktail of worries combine to hit markets
Wholesale gas costs have risen sharply while Bitcoin and stock market values have plunged further as tensions over Russia’s intentions concerning Ukraine add to a cocktail of worries being juggled by global investors.The market volatility builds on heavy sell-offs that saw the US Nasdaq index come under particular pressure last week and endure its worst …
Business
Business Live
Bongo’s Bingo reveals expansion and new jobs plans as ticket sales recover
The founders of Bongo’s Bingo are expecting to return to pre-pandemic levels by April as the company takes on new staff and eyes expanding further across the UK and abroad. The Liverpool-headquartered company held its first show in the city in April 2015 with the aim of reinventing bingo for a new generation. It now …
Business
Business Live
How did Wales lose the Britishvolt gigafactory investment creating 3,000 jobs to the north east of England
It is one of the biggest industrial inward investment projects seen in the UK with a battery cell gigafactory for electric vehicles creating 3,000 direct jobs in Northumberland. Despite initial scepticism about the start-up firm’s ability to raise the finance, Britishvolt has confirmed it has secured £1.7bn in backing, including £100m from the UK Government’s …

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