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
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
The owners of Shawbrook Group, the mid-sized UK lender, are drawing up plans to revive London’s moribund listings sector with an initial public offering, valuing it at more than £2bn. Sky News has learned that BC Partners and Pollen Street Capital, which took Shawbrook private in 2017, are set to appoint Goldman Sachs to oversee … Read more
London’s Smithfield meat market is set to close after more than 800 years, with trading expected to cease permanently after 2028. The City of London Corporation, which manages the site, said on Tuesday its council had voted to shut down the Smithfield and Billingsgate fish market. The original plan had been to relocate the markets … Read more
Cineworld’s hedge funders are drawing up plans to return the cinema operator to the public markets, amid continued uncertainty over the future of dozens of its UK sites. Sky News has learned that the company’s owners are in the early stages of considering a listing of the business in New York, with the first half … Read more