Business

Let’s get the policy stuff out of the way first. Labour has an economic growth target. They want to achieve the highest sustainable growth per head rate of the seven major industrialised economies. They say that unless we do something to change the path of British economic growth we will end up poorer than Poland

Ian King speaks to our business correspondent about the new energy price cap and what it means for households. Plus hear from EY’s UK chief economist about how cost of living pressures are expected to intensify regional divisions. And the CEO of bodycam maker Reveal Media joins the show to discuss why the technology is

Ofgem has lowered its cap on the amount energy companies can charge for gas and electricity but it’s not all good news. Even though wholesale energy prices have been falling, households will see their bills go up from April as the government support that has been shielding us from the worst of the energy crisis

Ofgem is expected to announce that it will drop its cap on the amount energy suppliers can charge by around £1,000 – but bills could still rise by an average of £500. According to the latest forecast from energy consultancy Cornwall Insight, the energy regulator is expected to announce a fall in the cap to

British tomatoes will likely remain scarce until the end of April or even early May, the UK’s largest grower has warned. It comes after Tesco and Aldi became the latest supermarkets to place limits on some fruit and vegetables customers can buy due to supply shortages. The soaring cost of energy, and fertiliser also derived

The boss of one of the UK’s largest fish and chips chains has told Sky News that industry prices are stabilising but yet to reach their peak. James Lipscombe, chief executive of The Chesterford Group which runs 38 takeaways and restaurants under several brands, spoke of a mammoth effort to maintain sales volumes as the

Microsoft is limiting how many questions people can ask its new Bing chatbot after reports of it becoming somewhat unhinged, including threatening users and comparing them to Adolf Hitler. The upgraded search engine with new AI functionality, powered by the same kind of technology as ChatGPT, was announced earlier this month. Since then, it has

Charging customers higher electricity prices has helped the UK wing of the French state-owned energy giant turn a profit. While an overall loss was recorded at EDF (Électricité de France) earnings rose at its UK operations, it said in its 2022 annual results. Core profits in the UK electricity-producing entity hit £1.12bn, up from a

Elon Musk donated around $1.95bn (£1.6bn) worth of Tesla stock to charity last year, according to documents filed in the US. The billionaire gifted about 11.6 million shares between August and December of 2022, the filing with the US Securities and Exchange Commission showed. It didn’t list which organisations were the recipients of the shares.

Britain’s biggest luxury yacht-builder is being sold to new private equity backers 15 years after it last changed hands. Sky News has learnt that Princess Yachts, which is based in Plymouth, is being sold to KPS Capital Partners, a US-headquartered investor which specialises in owning manufacturing businesses. Sources said a deal could be struck as

The UK communications regulator has launched an investigation into broadband and phone bill price rises as research suggested many customers are unaware providers can increase costs. The review, to be carried out by Ofcom (the Office of Communications), will focus on mid-contract price increases as the watchdog said it was worried about uncertainty faced by

Qatar’s sovereign wealth fund is exploring buying a minority stake in a Premier League club – with interest in Manchester United. A full takeover of an English club is not planned at this stage but the Qatar Investment Authority (QIA) is exploring acquiring a stake that could be around 10%, Sky News understands. The emir

Google published an online advert for its new AI chatbot Bard in which it delivered an inaccurate answer. The company unveiled its much-anticipated rival to ChatGPT this week, and has launched a marketing blitz to prepare the public for its full rollout in the coming weeks. A promotional tweet with a short GIF describes Bard

The UK’s competition watchdog has moved a step closer to potentially blocking Microsoft’s planned $69bn (£56bn) takeover of Call of Duty gaming firm Activision. In a provisional ruling, the Competition and Markets Authority (CMA) said the proposed tie-up could lead to higher prices, fewer choices and less innovation for UK gamers. Activision responded by claiming