An outsourcing group backed by Lord Hammond, the former chancellor of the exchequer, is among the suitors surrounding Telent, a major provider of digital infrastructure services. Sky News has learned that Amey, which suffered years of financial difficulties before being bought by two private equity firms in 2022, has made an indicative offer to buy … Read more
The typical household could see their major bills rise by almost £270 by April, Sky News analysis suggests. The increasing costs of energy, water and housing tax would exceed inflation and increase the pressure on family budgets. The first impact will be felt from New Year’s Daywith the national cap on energy prices increasing for … Read more
The bus fare cap rose to £3 across much of England today as the new government policy came into force. This means the maximum amount a bus passenger will pay for a single journey is now £3, £1 more than before, as the Government increased the cap from January 1. This is the latest in … Read more
The Post Office is proposing a sharp increase in the fees banks pay to allow their customers to access its network, in a bid to secure additional funds to increase postmasters’ salaries. Sky News understands that more than two dozen banks and building societies are considering a proposal put to them recently by the Post … Read more
British businesses are heading into the new year in a gloomy mood. New chancellor Rachel ReevesThe increase in employer National Insurance Contributions (NICs) in his autumn budget will increase the cost of employing people, which is likely to impact both hiring and investment. Some sectors face specific challenges: the automotive industry, for example, still grapples … Read more
A committee of MPs has called for the government to be fined if it fails to provide redress quickly enough to victims of the Horizon software scandal, as its report says the Post Office spent at least £136m on legal costs. New legally enforceable deadlines for each stage of claims processing should be introduced, according … Read more
As energy bills become more expensive starting Jan. 1, respected forecasters have said they could rise further in the spring rather than the fall as originally predicted. THE energy price cap increases from January, bringing the cost of a typical annual bill to £1,738 – £21 more per year than between October and December. Bills … Read more
What a year 2024 has been. A massive election – well, two massive elections on each side of the Atlantic, and more elsewhere on the planet – followed by changes of government and numerous economic milestones along the way. So let’s recall some of the highlights of the year, in graphic form. We start with … Read more
The operator of almost 150 Pizza Hut restaurants in the UK is in advanced talks with potential buyers as it strives to secure a deal to secure its future. Sky News has learned that Heart With Smart (HWS), the US brand’s largest UK franchisee, aims to select a preferred bidder in January after weeks of … Read more
Nearly 170,000 retail workers lost their jobs this year after the collapse of major chain stores, according to data. This is the highest since more than 200,000 jobs in the sector were lost in 2020 in the wake of the crisis. COVID pandemic, which forced retailers to close their stores during lockdowns. The figures, compiled … Read more