Business

The average annual energy bill will increase to £1,849 from April as the industry regulator Ofgem increases the price cap for the third time in a row. When compared to prices over the last three months, the new figure represents a 6.4% a year – or £9.25 per month – increase in the typical sum

Did you know there’s a critical product – one without which we’d all be dead – which Europe is actually importing more of from Russia now than before the invasion of Ukraine? It might feel a bit pointless, given how much chat there is right now about the end of the Ukraine war, to spend

The net zero sector has grown by 10% over the past year – adding £83bn to the UK economy, a new study suggests. Employment in green businesses and industry has also climbed 10%, supporting the equivalent of 951,000 full-time jobs (2.9% of total UK employment). Politics latest: PM warns of ‘crucial moment’ in Ukraine war

Waspi campaigners have threatened legal action against the government unless it reconsiders its decision to reject compensation. In December, the government said it would not be compensating millions of women born in the 1950s – known as Waspi women – who say they were not given sufficient warning of the state pension age for women

A data analytics company which has become one of Britain’s hottest technology businesses is closing in on a new round of funding expected to value it at billions of dollars. Sky News has learnt that Quantexa, which was founded in 2016, is in advanced talks with Ontario Teachers Pension Plan (OTPP), one of the world’s

Britain’s payments watchdog is expected to be abolished as part of a purge of regulators being thrashed out in Whitehall. Sky News has learnt that ministers and officials are examining whether to scrap the Payment Systems Regulator (PSR) and fold it into the Financial Conduct Authority (FCA). A decision is expected to be taken in

Heist highlights concerns over crypto industry security Anyone who owns crypto may well be feeling a little nauseous after the biggest ever theft of funds by hackers. Bybit is the second largest cryptocurrency exchange. It would have had careful security protocols. And yet somehow their systems were penetrated and an as-yet unidentified individual or group

A challenger bank which has amassed a substantial customer base of Britain’s wealthiest savers is in talks about raising £200m in private funding before pursuing a US flotation which would raise further questions about the attractiveness of the London market. Sky News has learnt that Monument Bank, which now has roughly £5bn in assets, has

Chancellor Rachel Reeves is coming under increased pressure to raise taxes or cut public spending as official figures show government borrowing was more expensive than expected, and tax revenue fell below expectations. The greatest budget surplus since records began in 1993 was reported by the Office for National Statistics (ONS) in January. It means the

Shops were given a surprisingly big boost in January as retail sales rose by 1.7% – much more than the 0.3% rise forecast by economists. It’s the first growth since August and follows a fall of 0.6% in the key shopping month of December, according to Office for National Statistics (ONS) figures. There has not

Nigel Farage has given up sole control of Reform UK, with the party’s members now being “handed over ownership” following a vote last year, according to its chairman. The party, led by Mr Farage, was previously controlled by the Clacton MP as he held a majority of shares in the company. According to the party’s

What happens when you put a boyhood fan in charge of their club? They discover it’s not so simple to run after all. And the fans you sat with many years ago are as impatient as ever. Anger reverberates exactly a year since Sir Jim Ratcliffe and his INEOS organisation gained day-to-day control of football

Hundreds more high street jobs will be lost this week after Quiz Clothing, the troubled fashion retailer, called in administrators. Sky News understands that the company, which was listed until recently on the London Stock Exchange, will see the closure of 23 of its shops, with about 200 employees expected to be made redundant. Quiz,

Inflation has risen a surprising amount – to the highest in nearly a year – official figures show. This means prices are rising even more than at any time since last March, according to data from the Office for National Statistics (ONS) for January. The consumer price index (CPI) ticked up steeply to 3% from

Thames Water, which was due to run out of money, has been given a lifeline after a £3bn loan was approved by the High Court. The loan gives the UK’s biggest water provider time to sort out its finances and could ward off nationalisation. An appeal, however, will be launched by Lib Dem MP Charlie

Wages have risen while unemployment unexpectedly saw no change, official figures show. Average weekly earnings rose 6% in the three months to December, data from the Office for National Statistics (ONS) showed, while wages – excluding bonuses – grew 5.9%, despite economists expecting a 5.8% rise. Money blog: Your parking disputes resolved by expert Even