Sunak promise to make Britain an EV carmaker’s dream welcome but unclear how, Tory think-tank warns

The takeover represents a discount to the earlier £40.70 a share offer EQT made in April

Experts say we’ll still be paying £1,000 more a year on gas and electricity than before COVID. Listen to the Sky News Daily podcast while you scroll for discussion on ‘greedflation’ and what supermarkets spend their profits on.

What you need to know about the walkout by RMT train staff by the BBC’s Zoe Conway.

The business said digital wholesale revenue fell 22% in the six months to the end of August 2022, while its own web sales dropped 8%.

HOUSE prices saw the largest annual fall for 14 years in May, slipping 3.4 per cent. It is the biggest drop since July 2009, when they plunged 6.2 per cent in the wake of the banking crisis. Accord…

The latest announcement means 21 Lloyds Bank, 15 Halifax and 17 Bank of Scotland sites will close for good between September this year and May 2024

The FCA is banning fees that debt advisors receive for referring people to debt solution companies.

The US says the airline did not “provide timely refunds to passengers” during Covid.

Natwest and the Irish finance ministry have sold nearly 55m shares in Permanent TSB, representing about 10 per cent of the Irish bank’s share capital. The

The clothing retailer has hired Deloitte to advise it on options for refinancing a term loan which expires in 2024, two years after its latest restructuring, Sky News learns.

Amazon is offering to check your ID for the bartender with a palm-scanning payment method, but a bar owner says it’s not necessary for smaller bars.

The world’s richest individuals have seen the biggest annual decline in the size of their wealth for a decade, new research has revealed, in signs even internationally mobile billionaires are taking a knock from soaring inflation and a slowdown in economic growth.

Nationwide says prices in the year to May fell 3.4% and higher mortgage rates could last longer.

Clubcard points will be worth twice their value when customers cash them in, rather than three times as they are now, from June 14.

Firms struggling to repay pandemic debt should be given more flexibility, a lobby group says.

Higher savings rates and frozen tax thresholds mean protecting savings from tax is a top priority, one expert said.

Toys R Us will open nine concessions within WH Smith shops – with the first new store to open next week on June 10 at WHSmith Monks Cross Retail Park in York

British businesses expect to raise both output prices and wages at a slower pace over the coming year than they did a month ago, according to a Bank of England survey released on Thursday which may ease policymakers’ fears that high inflation will persist.

The closely-watched S&P Global/ CIPS UK Manufacturing PMI survey showed a reading of 47.1 in May, down from 47.8 in April.

Amazon UK Services received tax credit of £7.7m for investment in infrastructure under Rishi Sunak’s super-deduction scheme

LONDON’S ghostly listing market was given a jolt of life yesterday as a Turkish billionaire unveiled plans for a £6.5billion flotation of the world’s biggest NATURAL soda ash business. Soda ash, mo…

The group reported a 2% fall in pre-tax profits to £293.6m for the year to March 31, although revenues jumped 16% to £500.2m.

Annual house price growth fell back further in May

A new road duty and reduced VAT for public charging points have been proposed to prevent the wealthy disproportionately benefitting from electric vehicle savings.

A BARGAIN high street chain has closed several stores with more to follow within weeks – but it’s not all bad news for shoppers. Poundland has shut the doors of nine shops over the past…

The threesome didn’t quit their day jobs until July 2019, when their first site, in St James’s Park, opened — it’s still their busiest branch

Pret has today opened its first shop in Italy as the sandwich maker marks the next phase in its expansion into Europe.

A California woman alleges that the US-based carrier’s green claims allowed it to gain market share and charge higher prices.

Shelves were bare of fresh products including baked goods and fresh fruit and vegetables over the bank holiday weekend and as late as Tuesday evening.

Term-time contracts mean that employees work only while schools are open – something they are eligible to do from the beginning of their employment.

The UK’s trade deals with Australia and New Zealand came into force on Wednesday.

THE UK will NOT head back to the 1970s with food price controls, a minister today insisted. Work and Pensions Secretary Mel Stride slapped down suggestions that the cost of basic groceries such as …

B&M opened 21 new stores in the last financial year, including five relocations and 12 new garden centres – and has now revealed plans for even more new sites over the next 12 months

Brian McBride is to step down earlier than planned after the body was rocked by allegations of misconduct.

The billionaire Issa brothers marked another milestone on their quest to slash their business empire’s heavy debt burden today as the pair finalised plans to merge the UK operations of petrol forecourt business EG Group with Asda in a £2.3 billion deal.

Britain’s underlying inflation relative to the main measure of price growth is proving harder to tackle than in other countries, Bank of England Monetary Policy Committee member Catherine Mann said on Wednesday.

Ladbrokes-owner Entain Plc said on Wednesday it was likely to incur a “substantial financial penalty” as part of an investigation by Britain’s tax authority into issues including possible misconduct involving former third-party suppliers.

Sentiment among British businesses fell for the first time in three months in May as firms were less optimistic about the economy and their trading prospects despite some signs of resilience in the economy, a survey showed on Wednesday.

Britain’s Purplebricks Group Plc said on Wednesday Lecram Holdings, one of its top shareholders, had withdrawn its takeover proposal for the online estate agent and does not intend to make an offer.

The grants are available to those who didn’t receive the £400 energy discount over the winter, and households who use alternative fuels – but time is running out to apply

Each year, Tax Credit claimants must renew their claim and HMRC warned how criminals used important deadlines such as this to try and steal money or personal information

The move comes following a successful trial with milk supplier Müller in August last year and customers will be able to tell the type of milk by red, green or blue labels

The £2.3bn takeover combines two businesses that are both already owned by the billionaire Issa brothers.

Europe’s biggest lender will next month announce that SVBUK is being renamed HSBC Innovation Banking, Sky News learns.

The online giant is offering a flexible contract but the GMB union says workers want higher pay.

Hollywood Bowl’s winning streak showed no signs of abating today as the firm rolled into summer with another record half-year of results.

A survey carried out for four of the UK’s largest hospitality industry groups found just 29% of businesses feel optimistic about the next 12 months.

Price rises hit a new high in the year to May due to coffee, chocolate and non-food goods.