Google Defends Tax Affairs From New Scrutiny

Google's tax arrangements are under further scrutiny after it revealed paying £11.6m in corporation tax last year on UK sales said to be as high as £3.5bn. The US technology firm, which has faced Parliamentary criticism amid suggestions of tax avoidance...

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US Shutdown Looms As Congress Squabbles

The US government is teetering on the brink of a partial shutdown that will curtail all but essential services, with no compromise in sight in a deeply polarised Congress. If the Democrats and Republicans fail to find a solution before the deadline...

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Osborne Plans Fuel Duty Freeze Until 2015

Fuel duty will be frozen until 2015 if the money is available, George Osborne has pledged as he addressed the Tory party conference. The Chancellor's pledge came as he warned the battle to rebuild the UK economy is not over and that the Tories must...

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Church Consortium Wins RBS Branch Sale Race

Royal Bank of Scotland is to sell 314 branches to a consortium backed by the Church of England in a deal forced on the bank because of its taxpayer bailout. It will see Williams & Glyn's, a bank brand that has been dormant for nearly 30 years, soon...

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Ex-Barclays Chief In Frame For Lloyds Role

By Mark Kleinman, City Editor One of the architects of the legislation that will force Britain's banks to ring-fence their high street lending operations is being considered as a surprise candidate to chair Lloyds Banking Group. Sky News can reveal...

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Cameron Launches State-Backed Mortgages Plan

David Cameron says 95% government-backed mortgages to help people get on to the property ladder will start within days. The scheme was due to start in January but hours before the Conservative Party Conference opened, the Prime Minister revealed that...

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House Prices: Bank Given New Help To Buy Role

By Ed Conway, Economics Editor The Bank of England is to be given effective control over the loan-to-value ratios of mortgages eligible for the Government's new Help to Buy scheme, it has emerged. As of next September, the Bank's Financial Policy...

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Church Consortium Wins RBS Branch Sale Race

Royal Bank of Scotland is to sell 314 branches to a consortium backed by the Church of England in a deal forced on the bank because of its taxpayer bailout. It will see Williams & Glyn's, a bank brand that has been dormant for nearly 30 years, soon...

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Marriage Tax Breaks For Four Million Couples

David Cameron says four million couples will benefit from the Government's new £1,000 marriage tax allowance. Ahead of the start of the Conservative Party conference, the Prime Minister said the scheme - starting in April 2015 - will be worth up to...

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Jobless 'To Be Forced To Work' For Benefits

Work and Pensions Secretary Iain Duncan Smith will announce tough new conditions on the payment of unemployment benefits at the Conservative Party conference next week, according to reports. The Daily Mail reported that the long-term unemployed will...

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Chancellor Acts As House Prices 'Accelerate'

As a report highlights accelerated house price growth in September, it has been revealed that the Chancellor has asked the Bank of England to keep a closer watch for evidence of a price bubble. According to the latest Nationwide House Price Index, UK...

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Tesco Sorry For Inflatable 'Gay Best Friend' Doll

Tesco has withdrawn an inflatable figure labelled "gay best friend" and apologised for selling it. It comes a day after the retailer removed a Halloween costume called "Psycho Ward" from sale after it sparked widespread criticism. The product has...

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Thousands Of Pubs And Restaurants Cut Prices

Thousands of pubs and restaurants across the UK are lowering their food and drink prices - for one day only. Up to 40 leading businesses are involved in the stunt, including the pub chain JD Wetherspoon and Pizza Hut, with up to 15,000 outlets in total...

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Post Office Dispute: Christmas Strike Threat

A union is threatening industrial action at post offices into the Christmas season unless a row over jobs, pay and closures is resolved. The Communication Workers Union (CWU), which is locked in a separate dispute with Royal Mail over privatisation,...

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Miliband Warns Energy Firms After Backlash

Ed Miliband has rejected warnings his plans for an energy price freeze if Labour regains power will spark blackouts. The Labour leader told Sky News he was serious about ending the "blatant overcharging of millions" as he brushed off criticism about...

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Fewer Town Centre Shops Closing Their Doors

Town centre shops shut at an average of 18 a day during the first half of 2013, reflecting continuing economic and evolving social pressures on the high street. However, the closure rate fell from more than 20 during the same period last year, according...

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Labour's £800m Tax Break For Small Business

By Jon Craig, Chief Political Correspondent Ed Miliband will later offer an £800m tax break to smaller companies and pledge to make Labour "the party of small business". The first act of a Labour government, if it wins the next General Election,...

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eBay And Argos Strike 'Click & Collect' Deal

eBay and Argos have joined forces to offer a 'click & collect' service as retailers rush to cash-in on the growth of online shopping. At least 50 merchants using the online marketplace will participate in a trial of the service, which will enable...

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Centrica Shelves £1.5bn Gas Storage Plans

Britain's attempts to keep the gas supply from hitting dangerously low levels has been dealt a blow by British Gas owner Centrica after it shelved plans for two storage projects at a cost of £240m. The country came within six hours of running out of...

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Tesco Launches Hudl Tablet Computer

Supermarket giant Tesco has launched its challenge to the iPad and the Kindle with its own tablet computer, the Hudl. The Android-operated, seven-inch device is priced at £119, a snip compared to its Apple counterpart but on a par with the Google and...

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Labour Wants Bank Levy Hike To Fund Childcare

Working parents with children aged three and four would receive 25 hours of free childcare a week under new Labour plans. Shadow chancellor Ed Balls has pledged pledge to increase the hours covered by state funding from 15 to 25, where a single parent...

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BlackBerry Slashes Jobs In Face Of $1bn Loss

BlackBerry has confirmed it will cut 40% its global workforce as it said it expects to report that it has lost almost $1bn in its second quarter. The smartphone company said it will lay off 4,500 employees as it tries to slash costs by 50% and shift...

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City Funds In Last-Ditch Bid For RBS Branches

By Mark Kleinman, City Editor A consortium of City investors has tabled a last-ditch bid to win control of 315 Royal Bank of Scotland (RBS) branches by pledging a substantially-higher payment to the taxpayer-backed lender. Sky News understands...

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Food Price Rises 'A Source Of Stress'

Rocketing food prices are a "source of stress" for four in 10 UK consumers, while a third say they are struggling to feed themselves or their family. Almost eight in 10 shoppers (78%) are worried about the increasing cost of food, with almost half (45%)...

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Buying A House 'Cheaper Than Renting'

Home buyers are almost £900 better off a year than those who rent - but an upturn in house prices means the gap has narrowed in recent months, a report has found. Research by Halifax, which based its calculations on its own database as well as official...

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BlackBerry Slashes Jobs In Face Of $1bn Loss

BlackBerry has confirmed it will cut 40% its global workforce as it said it expects to report that it has lost almost $1bn in its second quarter. The smartphone company said it will lay off 4,500 employees as it tries to slash costs by 50% and shift...

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Barclays £1.3m Cyber Raid: Four Due In Court

Four alleged cyber plotters accused of stealing £1.3m from a high street bank by taking control of its computer system are due to apear in court later. It follows the arrest of eight men suspected of targeting a branch of Barclays bank in Swiss Cottage,...

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Retail Sales Slow After July Heatwave

Consumers reined in their spending in August after July's heatwave had boosted demand for food and sales of outdoor goods. The Office for National Statistics (ONS) said retail sales volumes tumbled by 0.9% on the month. Economists had expected an increase,...

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Rip-Off Pensions: OFT Calls For Shake-Up

Changes to the pensions market are needed to make sure millions of workers are not sinking cash into schemes that are bad value for money, the Office of Fair Trading (OFT) has said. The trading watchdog disappointed consumer groups by not to referring...

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Asos: Fashion Retailer Unveils 'Stunning' Figures

Online fashion seller Asos has revealed a huge rise in sales, up 40% on last year. The fast-growing British business has bucked the trend on the traditional high street and seen even higher growth than its online rivals. The firm, which targets young...

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Retirement: One In Five Will 'Never Stop Work'

By Rhiannon Mills, Sky News Reporter One in five Britons now fear that they will never be able to stop working because of shortfalls in their pensions and savings, according to a new report. The survey, carried out by HSBC, warns that the UK is...

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