Dominic Raab has said “the ball is very much in the EU’s court” with regards to the implementation of the Northern Ireland Protocol , as French president Emmanuel Macron has warned Britain that the Brexit deal is not renegotiable. The foreign secretary told Sky News the EU must be “less purist, more pragmatic and more
Business
Britain’s economy grew by 2.3% in April as the high street and hospitality sector reopened, official figures show. That meant that GDP was a record 27.6% larger compared with the same month last year when the nation was in the grip of the first coronavirus lockdown. Chancellor Rishi Sunak hailed it as a “promising sign
Morrisons has defended increased executive rewards as profits tumbled during the coronavirus crisis last year, following a massive investor revolt. Just over 70% of votes cast at the supermarket chain’s annual general meeting (AGM) rejected the remuneration report for its last financial year. In advance of the virtual meeting, Sky News reported that several investor
Transport operator Go-Ahead said more people are taking its buses and trains than at any time since the start of the pandemic as COVID restrictions ease. It said its regional bus network was seeing passenger numbers at 65-70% of typical levels on most days and at 80% in some regions – up from around 20%
The six English clubs which secretly agreed to play in a European Super League (ESL) will pay just over £20m to draw a line under their ensuing row with the Premier League. Sky News has learnt that the figure – which equates to an average of around £3.5m per club – will be announced by
The six English clubs which secretly agreed to play in a European Super League (ESL) are to pay a combined £22m penalty but face a much higher bill if such a breakaway is attempted in future, under a deal with the Premier League. The punishment was confirmed hours after a report by Sky News that
Pub bosses have appealed for the easing of COVID restrictions across the UK, saying the delayed Euro 2020 football championship offers the perfect opportunity to help the industry and beyond recover. The chief executives of Young’s and Greene King were among those to speak out amid jitters that final step on the roadmap for England
The Bank of England is to test how big banks and insurers can cope with the risk of rising sea levels, more frequent heatwaves and shrinking economic output caused by climate change. It has published three stress test scenarios to explore what might happen if fresh action is either taken quickly to tackle global warming,
A coalition of transatlantic airlines have demanded that President Biden and Boris Johnson lift “overly cautious” travel restrictions between the US and UK given the strength of the two countries’ coronavirus vaccine programmes. The companies, which include all the carriers offering passenger services between the nations and other industry players including Heathrow Airport, argued that
Jeff Bezos – one of the world’s richest men and the chief executive of Amazon – has said he will travel into space next month. The US business tycoon has invited his brother along for the journey, with the winner of an auction set up by his aerospace company Blue Origin. In a video posted
The Week, one of Britain’s biggest-selling news and current affairs magazines, has been put up for sale in a move that is likely to attract interest from major newspaper publishers. Sky News has learnt that Dennis Publishing, the magazines and online media group owned by Exponent Private Equity, has hired investment bankers to gauge interest
When considering the landmark deal on global taxation agreed today by the group of seven leading industrialised economies, it’s easy to fixate on the question marks and criticisms – after all, there are plenty of them. It is not as ambitious a deal as many had hoped for. The global minimum corporate tax rate (one
Antony Jenkins, the former Barclays chief executive, is on the verge of a deal with the world’s biggest asset manager that will catapult him into the ranks of Britain’s super-rich. Sky News has learnt that Mr Jenkins, who was sacked as the British bank’s boss in 2015, is close to selling a stake in 10x
The world’s leading economies are on the brink of announcing a historic deal to tax the tech giants, the German finance minister has told Sky News. Olaf Scholz said the plan to reform the taxation of tech companies and introduce a minimum level for business tax rates would “change the world”, bringing in billions of
Boris Johnson will hold talks with the bosses of Britain’s biggest banks and insurers next week as the government seeks assurances about the sector’s commitment to financing the post-pandemic recovery. Sky News has learnt that the prime minister and Rishi Sunak, the chancellor, have invited more than a dozen of the City’s top executives to
People hoping for an overseas trip this summer – and those hoping to sell them that break – are furious after the UK government announced changes to the list of approved destinations. Portugal, which had been the only viable popular destination on the green list, will be moved to the amber list. This will mean