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.
Business
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,
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
Perhaps the most telling thing to say about this budget is that it was just… a little bit thin. Indeed, in terms of its impact on the public finances, it was significantly smaller than the autumn statement. Back in November, the chancellor delivered £20bn worth of tax cuts, roughly split between the 2p cut to
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Instagram, Facebook, Messenger and Threads are experiencing widespread problems, locking users out of their accounts and failing to load properly. Facebook outages reported on Down Detector shot up just before 3pm, with more than 300,000 problems logged. More than 25,000 Instagram outages were also reported via the website, which collates status reports from several sources,
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
Cash-strapped train travellers are being priced off the railways, campaigners have warned as fares in England and Wales are hiked by nearly 5% despite high levels of cancellations. Critics argue passengers are being “punished” and will be angry at Sunday’s rises given the “shocking state” of the network, against a backdrop of disruption caused by
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
The UK car industry has pleaded with the chancellor to help get the transition to electric vehicles (EVs) back on track when he delivers his budget next week, accusing the government of creating an own goal. The Society for Motor Manufacturers and Traders (SMMT) said it was clear that the decision to delay the ban
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