Business

The Treasury Select Committee has sent a formal notice to HM Revenue & Customs demanding answers to critical questions about how it has been enforcing trade sanctions on Russia, following a Sky News investigation into the government department. Last month Sky News reported that while HMRC had issued six fines in relation to sanction-breaking since

What if Britain has, almost entirely by accident, navigated itself into about the best possible position it could be in, as Donald Trump embarks on a trade war with nearly all his economic partners? I realise this might, at first, sound a little odd. After all, when the world is facing economically-destructive measures (blanket tariffs

Donald Trump has ordered sweeping tariffs on Mexico, Canada and China, kicking off a trade war that will affect the globe. Here we look at the tariffs and what they all mean for the world: What did Trump announce? The US president has confirmed that goods from Mexico and Canada will face 25% tariffs, while

Thames Water will seek High Court approval for a £3bn rescue plan in a four-day hearing beginning at the Royal Courts of Justice on Monday. The indebted utility is seeking a judge’s approval for a restructuring plan centred on an emergency loan it says it needs to avoid running out of cash by the end

Barclays says an IT glitch that left some customers locked out of their accounts has been resolved after the disruption entered a third day. The bank said the “technical issue” has been fixed and delayed payments processed. In a statement on Sunday, Barclays said: “We are working on bringing balances up to date for some

Barclays has advised customers to seek help from friends and family or even contact food banks after a major IT glitch left some locked out of their accounts. Hundreds of people reportedly claim they are experiencing interrupted services and missing funds after the issue struck on what was payday for many British workers and the

NatWest Group is finalising plans to pay out close to £450m in bonuses for last year as it prepares for a return to full private ownership nearly 17 years after its bailout. Sky News has learnt that the bank’s remuneration committee is close to signing off the bonus pool ahead of its annual results announcement later this

Donald Trump has said he will place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China from Saturday. The move raises fears of price increases for US consumers as the US president suggested he would try to blunt the impact on oil imports. He has been threatening the tariffs

The UK’s benchmark stock index has reached another all-time high, in a month of record breaking. The FTSE 100 index of most valuable companies on the London Stock Exchange closed at 8,666.65, breaking the record set on Thursday night after four consecutive days of rises. January has been the best month in more than two

India’s richest family has clinched a landmark deal to buy a 49% stake in the Oval Invincibles in a deal that will unite the London-based team with the ownership of the Indian Premier League’s Mumbai Indians. Sky News can exclusively reveal that the Ambani family, who have a fortune estimated to be tens of billions

Lloyds Banking Group is to close a further 136 branches. Britain’s biggest mortgage lender said It will shut 61 Lloyds, 61 Halifax and 14 Bank of Scotland sites between May this year and March 2026. All workers affected by the closures would be offered alternative roles, the group said. A list of the affected branches

Retailers have suffered unprecedented annual levels of shoplifting losses and incidents of violence and abuse against staff, according to industry data, although one major chain has told Sky News there are now signs of a fightback. The British Retail Association (BRC) used the publication of its annual retail crime survey, covering the 12 months to

Quiz Clothing, the troubled fashion business, is close to collapsing into administration days after its shares were delisted from the London stock market. Sky News has learnt that Quiz, which is chaired by the former JD Sports chief Peter Cowgill, is lining up Teneo as administrator in a move expected to take place before the

The average asking price to rent a home outside London has fallen for the first time since before the COVID pandemic, according to a property website. Rightmove credited improved levels of rental properties for the welcome shift, but declared that advertised private rents in the capital continued to tick up, for a 13th consecutive quarter,

US tech firms exposed to big artificial intelligence (AI) investments are seeing their shares take a hammering over the emergence of a low-cost Chinese competitor. The likes of Nvidia, Meta Platforms, Microsoft, and Alphabet all saw their stocks come under pressure as investors questioned whether their share prices, already widely viewed as overblown following an

Profits at Europe’s biggest airline are nearly ten times higher than the same time last year as more passengers paid more expensive airfares. Ryanair‘s profit after tax rose to €149m (£125.36m) in the three months from October to December, up from €15m (£12.62m) the same time a year earlier. Money blog: Dentist reveals how you