A slump in oil prices could lead to further reductions at the fuel pumps but any benefit risks being stripped away next month as the chancellor seeks ways to bolster the public finances. A barrel of Brent crude, the international benchmark, slipped below $70 for the first time since December 2021 on Tuesday afternoon. The…
The government will not “water down” cuts to the winter fuel payment after it was voted through on Tuesday, a minister has said. Housing minister Matthew Pennycook said removing the winter fuel payment from around 10 million pensioners is “the right decision to make” following backlash from MPs and charities after the policy was voted…
Thousands of workers being made redundant at Britain’s biggest steelworks will receive at least £20,000 under government intervention to reduce the fallout from the closure of its blast furnaces. As many as 2,800 jobs are to be lost, despite the previous government issuing £500m of funding. In return, the company would invest £750m. Labour, which…
Chancellor Rachel Reeves has signalled her first budget as chancellor could be a painful mix of spending cuts, tax rises and increased borrowing. Speaking to Sky News after official figures showed the economy flatlined in July with GDP growth of 0.0%, she refused to rule out increasing business and wealth taxes, or further cuts to…
A Swedish buyout firm has joined a queue of buyout firms exploring the purchase of a big stake in the UK operations of Grant Thornton, one of Britain’s biggest accountancy firms. Sky News has learnt that EQT, which is in the process of acquiring the computer games producer Keywords Studios, submitted an offer to Grant…
Manchester United’s losses grew to £113.2m last season due to the cost of selling a stake to Sir Jim Ratcliffe and investment in players failing to translate into Premier League success. It followed net losses in the previous two years of £28.7m and £115.5m, putting a spotlight on the club’s compliance with football’s profit and…
EasyJet’s parent company has lost a High Court brand theft claim against a shopping website which has the word “easy” in its name. EasyGroup, which has a rich history of going after entities it believes have infringed its trademarks, took legal action against easyfundraising Ltd, its founder Ian Woodroffe and investors The Support Group (UK)…
The owner of The New York Sun, a right-leaning American newspaper, is weighing a surprise bid to become the new owner of The Daily Telegraph. Sky News has learnt that Dovid Efune, who acquired the former daily broadsheet in 2021, has expressed an interest in acquiring one of Britain’s most influential daily newspapers and its…
नई दिल्ली: गुड्स एंड सर्विसेज टैक्स (GST) काउंसिल की 54वीं बैठक सोमवार को हुई. वित्त मंत्री निर्मला सीतारमन ने इस मीटिंग की अध्यक्षता की. इस बार बैठक का सबसे बड़ा मु्द्दा हेल्थ और लाइफ इंश्योरेंस (Health Insurance) प्रीमियम पर GST से छूट का रहा. इंश्योरेंस प्रीमियम पर 18% तक GST घटाया जा सकता है. मीटिंग…
नई दिल्ली: भारत के अरबपति उद्योगपति तथा अदाणी समूह (Adani Group) के चेयरमैन गौतम अदाणी (Gautam Adani) की नेटवर्थ सिर्फ़ चार साल में, यानी वर्ष 2028 तक एक ट्रिलियन अमेरिकी डॉलर, यानी एक लाख करोड़ अमेरिकी डॉलर (लगभग ₹84 लाख करोड़) का आंकड़ा छू जाएगी, और वह दुनिया के दूसरे ट्रिलियनेयर (Trillionaire) और भारत के…
