Business

The closure of Vauxhall’s Luton van plant is a car crash for the 1,100 workers who could lose their jobs and threatens to trigger a pile-up for a government facing acute pressure from manufacturers over its plans to transition to an electric-only future. Stellantis, Vauxhall’s parent company which also owns Citroen, Fiat and Peugeot, has

The managing director of Jaguar has hit out at what he called “vile hatred and intolerance” after the car company released a new advert. A 30-second clip posted on the luxury car brand’s X account on Tuesday prompted online backlash after it featured a diverse group of models posing in bright clothes but no vehicles

Gas and electricity bills will become even more expensive in January, as the energy regulator Ofgem ups the price cap. A typical yearly bill will be £1,738 from January, an increase of 1.2%. For billpayers, it means an extra £21 a year or around £1.75 a month. It’s another blow as falls in prices had

At least eight convictions predating the Horizon Post Office scandal are being looked at by the body investigating potential miscarriages of justice, Sky News has learned. The Criminal Cases Review Commission (CCRC) has confirmed it is examining multiple cases of former sub-postmasters affected by Capture software. The computer accounting system was used in the early

A US federal court has issued an arrest warrant for one of India’s richest men. Billionaire Gautam Adani has been charged by the US Securities and Exchange Commission (SEC) with allegedly defrauding investors and bribing officials. The 62-year-old Adani Group boss, worth $116bn (£91.77bn) faces the allegations along with his nephew Sagar Adani and six

Inflation jumped to 2.3% in October – a six-month high. A rise in household energy bills contributed to the higher-than-expected reading. Economists had forecast a figure to 2.2% after a three-year low of 1.7% in September. But how does all of this affect the cost of groceries, clothing and leisure activities? Use our calculator to

Energy bills are to rise again next year, according to a respected forecaster. Costs from January to March are projected to rise another 1% to £1,736 a year for the average user, according to research firm Cornwall Insight. The energy price cap, which sets a limit on how much companies can charge per unit of

An AI software company which counts Britain’s largest gas distribution network among its clients will this week announce that it has secured $15m (£11.6m) in new backing from a syndicate of leading venture investors. Sky News understands that Cogna, which launched last year, has landed the funding from Notion Capital, with backing from Hoxton Ventures

Australia’s government has pledged to introduce what it described as “world-leading” legislation to ban children under the age of 16 from social media. “Social media is doing harm to our kids and I’m calling time on it,” Australian Prime Minister Anthony Albanese said. “I’ve spoken to thousands of parents, grandparents, aunties and uncles. They, like

Every Monday in our Money blog, we answer questions about your financial problems or consumer disputes. This week, a reader asked what rights they had after a bad haircut. Reader Tim asked: “I’ve just moved to Norwich for work and went to a new barber. The barber didn’t listen and cut way too much at

Donald Trump’s victory was secured on an unequivocal promise to stretched American households that he would “end inflation”, but markets and economists are anticipating his second term will do the opposite. A combination of corporate tax cuts, government borrowing, lower migration and swingeing tariffs on overseas imports are all expected to heat up the American

An influential Manchester United supporters’ group has demanded that the club’s owners revive plans for a fan share scheme, which remains on ice nearly three-and-a-half years after it was initially promised. Sky News has learnt that the Manchester United Supporters’ Trust (MUST) wrote to Joel Glazer, Sir Jim Ratcliffe and Omar Berrada, the club’s new

One of the world’s largest investment firms has waded into the fight over the future of Thames Water, the water utility which is racing to stay afloat. Sky News has learnt that KKR is in talks with Thames Water and its advisers about participating in a £3bn share sale which forms part of a wider

The cost of government borrowing has jumped, while UK stocks and the pound are up, as markets digest the news of billions in borrowing and tax rises announced in the budget. While there was no panic, there had been concern about the scale of borrowing and changes to Chancellor Rachel Reeves’s fiscal rules. At the

In the lead up to this week’s budget, the government has been criticised for strongly hinting at a number of policies coming down the pipeline. But that signalling of what today’s budget would mean for companies appears to have contained much of the market fallout, with steep tax rises coming as little surprise. That’s not

Money blog reader Jane T asks: “I want to put my house on the market. One of the previous owners was stabbed to death by a family member in the house. Do I need to tell prospective owners?” We asked Johnny Drysdale, residential property partner at Keystone Law, to answer this one… Johnny says transparency

The oil price has dropped steeply as tensions in the Middle East appeared to ease. For the first time since the very start of the month, the cost of a barrel of the benchmark oil Brent crude is below $72 at $71.93. The oil price stood at $76 on Friday evening, before Monday morning’s fall

Britain’s fourth-biggest household energy supplier has poached a senior executive from Monzo, the digital bank, as it explores options that could lead to a change of ownership. Sky News understands that OVO has recruited James Davies, who has worked for companies including William Hill and Purplebricks, the online estate agent, to become its new chief

A residential energy services provider backed by leading City investors has secured a £50m funding boost from one of the world’s biggest pension funds. Sky News understands that Hometree, which counts Legal & General (L&G) among its investors, will this week announce that it has agreed a mezzanine debt facility with a subsidiary of Canada

Ratan Tata, the former chair of India’s oldest conglomerate, and of Tata Steel and Jaguar Land Rover, has died aged 86. Tata Sons chair Natarajan Chandrasekaran confirmed Mr Tata had died and described him as his “friend, mentor, and guide” in a statement. India’s Prime Minister Narendra Modi said Mr Tata was “a visionary business