China Figures Suggest Tough Landing Ahead

China's Statistics Bureau has published the country's GDP figure for the first quarter of 2015 - a growth rate of 7%. For most Western markets that's an enviable figure. For China though, it represents the slowest growth for six years. Yet the Chinese...

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Oil Find Near Gatwick 'Clarified' By Owner

The company which reported a massive upgrade to an oil find near Gatwick Airport has conceded it was not in a position to properly size it up. Last week's announcement that up to 100 billion barrels, a potentially "world-class" discovery, had been...

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EU Charges Google With Abusing Market Position

The EU has formally charged Google with abusing its search market position in Europe, leaving it open to a fine of more than $6bn. The European Commission has been examining whether Google, which holds about 90% of the search market in Europe, has...

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PPI Scandal: Clydesdale Handed £20.7m Fine

A £20.7m fine has been slapped on Clydesdale Bank for failures in its handling of payment protection insurance (PPI) complaints and attempts to mislead the City regulator. The Financial Conduct Authority (FCA) said the penalty was the largest it had...

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Right To Buy: What Is It And How Does It Work?

David Cameron has announced a future Tory government would give 1.3 million housing association tenants the chance to buy their homes. :: So what is Right to Buy? The existing scheme allows council tenants to buy their home at a discount of up to...

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PM Promises 'Good Life' For 'Working People'

David Cameron has claimed the Conservatives are the "party of the working people" as he made pledges on homeownership, £5,000 of free childcare and an income tax-free minimum wage. Launching the Tory manifesto, Mr Cameron repeatedly made offers to...

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Car Rental Giant To Accelerate With US Deal

By Mark Kleinman, City Editor One of the biggest car rental operators in the UK is to snap up Auto Europe, a US rival, in a move that will create a transatlantic industry powerhouse. Sky News understands that CarTrawler, which is based in Dublin...

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Conservatives Promise To Cut Inheritance Tax

The Conservatives have said they will take family homes out of inheritance tax by introducing a new allowance which effectively increases the threshold for tax to £1m. David Cameron said that if his party wins the 7 May election, parents will be offered...

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Miliband: 'I Am Ready' To Lead Better Britain

Ed Miliband has attempted to convince voters he can be trusted with the economy pledging to cut the deficit year on year and saying: "I am ready" to lead the country. The Labour leader promised to get the Budget back into surplus "as soon as possible"...

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UK Holidaymakers Being Conned Out Of Millions

A warning has been issued to those booking holidays online, as it is revealed that British holidaymakers were conned out of £2.2m last year. Criminal groups have targeted online booking firms to steal cash from unsuspecting customers and many only...

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More Buyers Building Homes - The Old Way

By Enda Brady, Sky News Correspondent With property prices rising and many young people still finding it hard to get a mortgage, more and more would-be homeowners across Britain are turning to one of the oldest methods of building. Cob building involves...

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Conservatives Promise To Cut Inheritance Tax

The Conservatives have said they will take family homes out of inheritance tax by introducing a new allowance which effectively increases the threshold for tax to £1m. David Cameron said that if his party wins the 7 May election, parents will be offered...

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Tories To Freeze Train Fares For Five Years

Rail fares will be frozen in real terms for five years if the Tories win the General Election, David Cameron has pledged. The Prime Minister said extending the Retail Price Index inflation cap on regulated ticket prices until 2020 would save the average...

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Easyjet 'Rescue' Flights For Kids After Strike

Easyjet is laying on "rescue" flights to bring schoolchildren home after a French air traffic strike saw hundreds of flights axed. The budget carrier is running five special flights: Luton to Paris, Paris to Barcelona, Barcelona to Luton, Gatwick...

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M&S Sourcing Chiefs Set For Lavish Payday

By Mark Kleinman, City Editor Two brothers hired to boost the efficiency of Marks & Spencer's (M&S) clothing business are in line for multimillion pound paydays which could make them the company's best-paid employees over a three-year period....

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Easyjet 'Rescue' Flights For Kids After Strike

Easyjet is laying on "rescue" flights to bring schoolchildren home after a French air traffic strike saw hundreds of flights axed. The budget carrier is running five special flights: Luton to Paris, Paris to Barcelona, Barcelona to Luton, Gatwick...

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HSBC Tax Scandal: France Starts Criminal Probe

HSBC has expressed outrage at being placed on €1bn bail amid a criminal investigation in France into historical tax issues. The UK-listed bank said it was informed on Wednesday that French magistrates were examining the "conduct of its Swiss private...

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Tories To Freeze Train Fares For Five Years

Rail fares will be frozen in real terms for five years if the Tories win the General Election, David Cameron has pledged. The Prime Minister said extending the Retail Price Index inflation cap on regulated ticket prices until 2020 would save the average...

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Gatwick Oil Find: Questions And Answers

An exploration firm has announced the discovery of billions of barrels of oil reserves at a site near Gatwick airport. The announcement by London-listed UK Oil & Gas Investments (UKOG) has raised a number of questions including: 1. How big is...

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Oil Find Near Gatwick May Be 'World Class'

The estimated size of an oil find near Gatwick Airport has been upgraded to 100 billion barrels. UK Oil & Gas Investments (UKOG) said the Horse Hill-1 well in the Weald Basin was now thought to hold 158 million barrels per square mile. In May...

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Anger Over Argentina Threat To UK Oil Firms

Sky sources say Argentina's UK ambassador has been summoned to the Foreign Office over a threat to prosecute UK oil firms. The threat was made by president Cristina Fernandez de Kirchner in a speech on the 33rd anniversary of the Falklands...

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BG Group Backs £47bn Shell Takeover Offer

Struggling energy producer BG Group is recommending to shareholders a takeover offer worth £47bn from Royal Dutch Shell. Details of the mega merger - the biggest in the industry for a decade - were released in a statement to the London Stock Exchange...

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Shell's £47bn Gamble On Price Recovery

Royal Dutch Shell's £47bn swoop on BG Group is a classic piece of opportunism. BG Group had been going through a torrid time even before the collapse in oil and gas prices and its new chief executive, Helge Lund, is only days into the job. BG's share...

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Labour Would Abolish 'Non-Dom' Tax Status

By Jason Farrell, Senior Political Correspondent Ed Miliband has defended his policy to abolish non-dom status after it emerged the shadow chancellor recently said scrapping the tax rule would cost the country money. The Labour leader unveiled plans...

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The Mobile Battery That Charges In One Minute

Scientists have developed a battery that could allow a mobile phone to be charged and ready for use in one minute. The new aluminium power cell is also much safer than existing lithium technology, can be bent and damaged, and does not catch fire....

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UK Bank Scandal Costs Hit £39bn - Report

Britain's biggest banks have collectively racked up a £39bn bill as a result of financial scandals over just three years, a report has found. A study by auditors KPMG covered financial results from Royal Bank of Scotland (RBS), Lloyds, Barclays,...

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HSBC Faces New Hit Under Labour Bank Levy

By Mark Kleinman, City Editor HSBC faces an additional bill running to several hundred million pounds under Labour plans to increase a tax on the balance sheets of Britain's biggest lenders. Sky News understands that HSBC would face the heaviest...

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Tories Accused Of 'Secret Tax Plan' By Labour

The Conservatives have been accused by Labour of favouring the rich after the Chancellor refused to rule out cutting the top rate of income tax in a Sky News interview. George Osborne told the Murnaghan programme his party had "no plans"...

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Challenger Poaches Exec From Bank of England

By Mark Kleinman, City Editor One of a new wave of banks set up to challenge the hegemony of the UK's established high street lenders will announce this week that it has poached a senior executive from the Bank of England. Sky News has learnt that...

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