UK Economic Growth Less Than Expected

Britain's growth figure for the third quarter has been revised to 0.9% by the Office for National Statistics. That is down from their previous estimate of 1%. Britain's dominant services sector posted meagre growth in October, adding to the challenge...

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BAE Systems Strikes £2.5bn Deal With Oman

By Alistair Bunkall, Defence Correspondent A deal worth £2.5bn has been completed between British defence manufacturer BAE Systems and Oman. It will see BAE provide the Gulf state with 12 Eurofighter Typhoon aircraft and eight Hawk training jets....

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Banks Face Break-Up Over Risky Trading

By Poppy Trowbridge, Business and Economics Correspondent UK banks face break-up if they fail to follow new rules protecting high street operations from riskier trading. The Parliamentary Commission on Banking Standards today published a report...

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Women Drivers Face Insurance Premium Rise

By Darren McCaffrey, Sky Reporter Women drivers could see insurance premiums increase by around 25% as new laws come into force that ban setting prices according to gender. Researchers believe it could force nearly a quarter of women drivers to...

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Tax Row: McDonald's Calls For Review Of Law

The managing director of McDonald's in the UK has said Britain's corporation tax rules need to be addressed. Speaking on Jeff Randall's Christmas Dinner, Jill McDonald warned that the continuing row over the amount of corporation tax companies pay could...

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Energy Bill Breakdown Demanded By MPs

Energy firms should be forced to inform every customer what proportion of their bills will contribute to the supplier's profits, MPs are demanding. The cross-party Energy and Climate Change Committee called for householders to be given a breakdown of...

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Nissan To Build Luxury Car Model At UK Plant

Car giant Nissan is to build a new luxury model in the UK, creating 1,000 jobs with a £250m investment. The new global model will be manufactured at the Japanese firm's plant in Sunderland, which employs 6,000 workers. The car, built under Nissan's...

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Investigation Launched Into Comet Collapse

The Department for Business, Innovation and Skills has launched an investigation into the purchase and administration of troubled electrical chain Comet. The Insolvency Service has been tasked with scrutinising the process following a number of...

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Ministry Of Defence Confirms Airwaves Sell-Off

The Ministry of Defence (MoD) has confirmed plans to sell part of its radio spectrum currently reserved for military purposes. The sale of the airwaves - used to support superfast 4G mobile broadband - will be the first of its kind by a Government department....

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HMRC Missed Calls Cost Taxpayer £136m A Year

Delays in answering phonecalls to HM Revenue and Customs hotlines cost the taxpayer £136m in the last year. According to the National Audit Office (NAO) report, delays cost customers £33m in call charges while they waited for HMRC to answer the phone...

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EU Summit: Cameron 'Committed To Saving Euro'

The Prime Minister has made it clear he wants favours in return for signing a deal aimed at increasing economic and monetary union in the European Union. At the seventh and final EU summit of the year, David Cameron insisted the UK was not in an uncomfortable...

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Fuel Poverty Warning For 300,000 More Homes

A further 300,000 people will be pushed into fuel poverty by Christmas because of the latest round of energy price hikes, an advisory body has warned. The Fuel Poverty Advisory Group (FPAG) said the latest round of energy price rises has increased the...

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Open University To Go Global With Online Courses

The Open University (OU) has launched a campaign to take distance learning global - as it attempts to catch up with online course offered by US colleges. The OU has teamed up with 10 British universities in a venture called FutureLearn. The plan is...

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EU Summit: Cameron 'Committed To Saving Euro'

The Prime Minister has made it clear he wants favours in return for signing a deal aimed at increasing economic and monetary union in the European Union. At the seventh and final EU summit of the year, David Cameron insisted the UK was not in an uncomfortable...

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