Business

The Premier League has failed to secure agreement for a new financial settlement for English football amid a continued stalemate between its clubs. Sky News has learnt that a planned vote at a shareholder meeting on Monday afternoon was scrapped after it became clear it would not win support from the required majority of 14

British Land, the London-listed property giant behind some of Britain’s most prominent commercial real estate assets, will this week name a City banking veteran as its next chairman. Sky News has learnt that the company, which owns Broadgate in the City of London and Sheffield’s Meadowhall shopping centre, has lined up William Rucker to replace

Scrapping the non-dom tax status for wealthy foreign nationals is “an utter humiliation for this government”, shadow chancellor Rachel Reeves has said. “The last budget of this parliament – they’ve had 14 years and they use this moment to close a non-dom tax loophole that everyone has been aware of for years,” Ms Reeves told

Premier League bosses are this weekend scrambling to finalise a landmark £836m financial settlement just days before the publication of legislation to establish English football’s first statutory regulator. Sky News has learnt that the 20 top-flight clubs, which include Aston Villa, Liverpool and Tottenham Hotspur, will on Monday be asked to approve a revised version

Plans to impose targets for electric heat pump sales on gas boiler manufacturers could be confirmed as early as next week, after fierce debate within government and intense lobbying from industry to abandon the policy. Sky News understands energy secretary Claire Coutinho had intended to ditch the policy, known as the Clean Heat Market Mechanism

A minister has admitted that the government’s desire to scrap national insurance could take “several parliaments” to achieve as confusion over the policy mounts. In his budget earlier this week, Jeremy Hunt slashed national insurance by 2p and said the government intended to scrap payments entirely, branding them “unfair” and a “double taxation” on work.

An influential committee of MPs has called on the government to legally mandate the inclusion of pay scales in job adverts and ban hirers from asking for employment history as efforts to tackle sexism in the City of London “are moving at a snail’s pace”. A litany of failings, including the “shocking” extent of misogyny,

There are two ways of looking at Nationwide’s blockbuster £2.9bn takeover of Virgin Money. The optimistic, glass half-full, interpretation is that this is another heartwarming example of how the mutual business model – putting the benefits of members above payments to shareholders – continues to flourish. Money blog: Britons in two big salary groups have

Nationwide Building Society has agreed terms for a takeover of Virgin Money in a £2.9bn deal that would create a larger rival to the UK’s major lenders. While nothing has been finalised, the offer on the table would see the two brands continue to be run as separate entities, with the Virgin Money brand retained

The Post Office should be removed from involvement in the Horizon scandal compensation processes, a committee of MPs has demanded while piling further pressure on its chief executive. The Business and Trade Committee published recommendations for delivering faster and fuller payments to the hundreds of victims, describing efforts to deliver redress to date as an

The chancellor is unveiling the budget for 2024. Here are the key points so far: Budget 2024: Live updates Money blog: What budget means for you This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. You can receive Breaking News alerts on

Graduates in their 20s are earning less in real terms than they were before the 2008 financial crash, and are £1,200 worse off than they were at the start of the pandemic on average, despite recent cuts to national insurance. Chancellor Jeremy Hunt has teased further national insurance cuts in his upcoming budget, following on

Rachel Reeves is winning a sizeable minority of former Conservative backers despite nagging worries about Labour overspending if they get into power, Sky News Voters Panel has revealed. The Voters Panel, a two-week online community run by YouGov, who backed Boris Johnson’s Conservatives in 2019, has been asked to explain their preference for either Tory

The Post Office’s embattled chief executive has been issued with a final chance to submit the 80-page investigation into his conduct before a committee of MPs look to formally summon the report. After a number of lapsed deadlines to provide the report, Nick Read has been told by the Business and Trade Committee chair he

The independent directors appointed to oversee the sale of The Daily Telegraph have been warned that the removal of the newspaper’s two most senior executives breached a government order – and that any subsequent transgression could result in a multimillion pound fine. Sky News has learnt that the Department for Culture, Media and Sport (DCMS)

Britain’s biggest banks have been placed on alert over hundreds of ‘rogue’ filings which appear to have been lodged at Companies House, the UK’s central corporate register. Sky News has obtained a note issued by UK Finance, the banking trade association, which warned its members that approximately 800 forms relating to the discharging of financial

Any tax cuts made during this budget will “one way or another be undone after the election”, according to one economist. Speaking to Sky News, Paul Johnson, the director of the Institute for Fiscal Studies, explained that – if it were not an election year – it is unlikely that Chancellor Jeremy Hunt would be

Chancellor Jeremy Hunt has tempered expectations of tax cuts in Wednesday’s budget as he announced an £800m package of technology reforms designed to free up time for frontline public sector workers. As part of Treasury reforms, police will use drones to assess incidents such as traffic collisions and artificial intelligence will be deployed to cut

The long-standing owner of the Moto GP global motor-racing series is in advanced talks to sell the business for more than £3bn. Sky News has learnt that Bridgepoint, which is the biggest shareholder in Moto GP’s parent company, Dorna Sports, is seeking a valuation of up to €4bn (£3.4bn) in its negotiations with prospective buyers.

Elon Musk, the multi-billionaire owner of Tesla and X, is suing artificial intelligence company OpenAI, accusing the firm of prioritising profit over developing AI for the public good. Mr Musk is bringing the suit against OpenAI, which he co-founded, and its chief executive, Sam Altman, for breaching a contract by reneging on its pledge to