Jeremy Hunt says the UK economy has dealt with the financial crisis, the pandemic and energy crisis caused by war in Europe. He acknowledges that interest rates “remain high as we bring down inflation”, but adds: “We can now help families not just with cost of living support but with permanent cuts in taxation.” He...
Category: Bussiness
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Budget 2024: The key announcements of Chancellor Jeremy Hunt’s speech
The chancellor has unveiled the budget for 2024. Here are the key points: • National insurance contributions for employees are being cut from 10% to 8% from April – impacting about 27 million workers – with savings of up to £450 a year. • Self-employed NI rates will drop by two percentage points as well....
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Greggs staff to share £17.6m bonus as chain overtakes McDonald’s to become UK’s top breakfast take-out
Thousands of Greggs workers will share a £17.6m bonus pot this month after the bakery chain famous for its sausage rolls and steak bakes said it had made a record annual profit and overtaken McDonald’s to become the UK’s most popular breakfast spot. Britain’s biggest bakery chain said 25,000 employees – out of a total...
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UK and Saudi Arabia unveil joint plan to put research links into top gear
UK and Saudi Arabia agree deal to boost research links, supporting work from food security to clean energy, to boosting business and R&D connections Science and technology are central to Saudi Arabia’s plan to rapidly transform its economy – a huge opportunity for UK scientists, researchers and businesses UK Science Minister in Riyadh to sign...
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Top shareholder wants £800m for electricals retailer Currys
A leading shareholder in Currys is demanding that its board slaps an £800m price tag on the electrical goods retailer amid takeover interest from a former backer of Comet, its defunct rival. Sky News has been told by one of the company’s largest investors that they believe Currys’ board should hold out for at least...
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As Japan And UK Shrink Into Recession, An Opportunity For India
New Delhi: Two of the world’s leading economies – Japan and the UK – recently entered into recession, highlighting the financial struggles that countries have been facing after the Covid pandemic. Britain recently revealed a 0.3 percent contraction in the fourth quarter of 2023 and has officially entered a recession. This economic setback poses a...
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UK enters recession after steeper-than-expected fall in GDP
The UK economy has officially entered recession, figures show. A recession is defined as two consecutive three-month periods where the economy contracts rather than grows. A major measure of economic growth, gross domestic product (GDP) shrank 0.3% between October and December, the latest Office for National Statistics (ONS) data shows. It’s a steeper-than-expected fall, as...
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Premier League faces fresh legal battle over rule changes
The Premier League is facing a fresh battle over changes to rules governing commercial deals between related parties after it was warned by a club that the proposals were unlawful. Sky News has learnt that the 20 top-flight clubs, which include Arsenal, Brentford, Chelsea and Manchester United, were notified on Thursday that one of them...