Church Consortium Wins RBS Branch Sale Race

Royal Bank of Scotland is to sell 314 branches to a consortium backed by the Church of England in a deal forced on the bank because of its taxpayer bailout. It will see Williams & Glyn's, a bank brand that has been dormant for nearly 30 years, soon...

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Marriage Tax Breaks For Four Million Couples

David Cameron says four million couples will benefit from the Government's new £1,000 marriage tax allowance. Ahead of the start of the Conservative Party conference, the Prime Minister said the scheme - starting in April 2015 - will be worth up to...

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Rural Broadband Roll-Out A 'Raw Deal', Say MPs

The roll-out of superfast broadband to homes in rural towns and villages will leave users paying more than they should to get online, according to a spending watchdog. The Public Accounts Committee (PAC) said the programme represented a "raw deal" for...

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Jobless 'To Do Unpaid Work' Or Lose Benefits

Work and Pensions Secretary Iain Duncan Smith will announce tough new conditions on the payment of unemployment benefits at the Conservative Party conference next week, according to reports. The Daily Mail reported that the long-term unemployed will...

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Libor Scandal: ICAP Fined Amid Criminal Probe

The London-based brokerage ICAP has been fined £55m and told three individuals will face criminal charges in connection with the Libor rate-rigging scandal. The financial penalties, previously reported as imminent by Sky News, were confirmed by the...

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Thousands Of Pubs And Restaurants Cut Prices

Thousands of pubs and restaurants across the UK are lowering their food and drink prices - for one day only. Up to 40 leading businesses are involved in the stunt, including the pub chain JD Wetherspoon and Pizza Hut, with up to 15,000 outlets in total...

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eBay And Argos Strike 'Click & Collect' Deal

eBay and Argos have joined forces to offer a "Click & Collect" service as retailers rush to cash in on the growth of online shopping. At least 50 merchants using the online marketplace will participate in a trial of the service, which will enable...

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Miliband: Labour Would Freeze Energy Prices

Ed Miliband has vowed to freeze gas and electricity bills for 20 months if Labour regains power at the next election. The party leader told its conference in Brighton that he would pass new laws to enforce the freeze while the energy sector was overhauled....

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Labour's £800m Tax Break For Small Business

By Jon Craig, Chief Political Correspondent Ed Miliband will offer an £800m tax break to smaller companies and pledge to make Labour "the party of small business". The first act of a Labour government, if it wins the next General Election, will...

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Bank Watchdog Steps Up Bonus Cap Opposition

By Mark Kleinman, City Editor A cap on bank bonuses being introduced at Brussels' behest would drive up fixed costs and expose lenders to greater risk of instability, the Bank of England will warn next month. Sky News has learnt that the Prudential...

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Osborne Faces Scepticism Over Lloyds Sale

By Mark Kleinman, City Editor George Osborne is facing scepticism from inside his own department about the prospect of a multibillion pound sale of Lloyds Banking Group shares to the general public. Sky News understands that some Treasury officials...

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Food Price Rises 'A Source Of Stress'

Rocketing food prices are a "source of stress" for four in 10 UK consumers, while a third say they are struggling to feed themselves or their family. Almost eight in 10 shoppers (78%) are worried about the increasing cost of food, with almost half (45%)...

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BlackBerry Slashes Jobs In Face Of $1bn Loss

BlackBerry has confirmed it will cut 40% its global workforce as it said it expects to report that it has lost almost $1bn in its second quarter. The smartphone company said it will lay off 4,500 employees as it tries to slash costs by 50% and shift...

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Food Price Rises 'A Source Of Stress'

Rocketing food prices are a "source of stress" for four in 10 UK consumers, while a third say they are struggling to feed themselves or their family. Almost eight in 10 shoppers (78%) are worried about the increasing cost of food, with almost half (45%)...

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