Chancellor Rachel Reeves has been accused of refusing to “face up to her own failures” by “flying to Beijing” during a week of market turmoil. Shadow chancellor Mel Stride accused the chancellor of dodging tough questions as “the government lost control of the economy” while Ms Reeves visited China last week with a delegation including … Read more
TikTok has dismissed a report that it could sell its threatened US operations to Elon Musk as “pure fiction”. The Chinese owners of the short video platform, ByteDance, face the prospect of a TikTok be closed permanently in America on Sunday. It was then that a US government banfor reasons of national security, should come … Read more
Britain’s leading small business group has appealed to economic watchdogs to heed Sir Keir Starmer’s executive order to remove regulatory barriers to growth with a new list of reform demands. Sky News has obtained a letter from the FSB to more than half a dozen regulators, including Ofgem and the Financial Conduct Authority, in which … Read more
The Government will “put AI into the veins” of the UK, with plans revealed today by Sir Keir Starmer. The Prime Minister is expected to promise investment, jobs and economic growth as the sector booms. It comes as his government battles allegations that it mismanaged the economy and hindered growth with last fall’s budget. The … Read more
Pizza Hut’s largest franchise restaurant in the UK is set to agree a rescue deal that would save the vast majority of its UK outlets and jobs. Sky News has learned that Directional Capital, an investment company which already controls much of Pizza Hut’s restaurant operations in Denmark and Sweden, is in advanced talks to … Read more
Sir Keir Starmer has said the Treasury will be “ruthless” in cutting public spending as market turmoil continues. Responding to a question about the economic situation from Sky News’ political editor Beth Rigbyhe said: “The number one mission of this government is economic growth. “And that was provided for in the budget, but we are … Read more
Cape Canaveral, Florida. — Blue Origin has canceled the first launch of its massive new rocket early Monday due to technical issues. The 320-foot New Glenn rocket was supposed to lift off before dawn with a prototype satellite from the Cape Canaveral space station in Florida. But launch controllers faced an unspecified rocket “subsystem” problem … Read more
The first congestion pricing plan in the United States was launched in New York, charging most drivers $9 a day to enter Midtown and Lower Manhattan during rush hour. The long-debated project, which has brought together both supporters and detractors, is expected to raise between $500 million and $800 million a year to fund repairs … Read more
The Health Secretary said the cabinet was aware of the “pressure” on Chancellor Rachel Reeves amid volatile markets and a wider, difficult economic situation – but called on the public to “give up their time “. Wes Streeting argued the public “underestimates” the “amount of heavy lifting” Ms Reeves has had to do and will … Read more
With government bond yields rising, sterling falling and, all things considered, markets looking rather choppy in the UK, it is highly likely that Rachel Reeves’ trip to China will be overshadowed by rumors. There’s a chance the dominant narrative doesn’t speak China himself, but why didn’t she cancel the trip. But make no mistake: this … Read more