The International Monetary Fund (IMF) has criticised the UK government’s mini-budget, saying the plans for tax cuts and spending will increase inequality and counteract the Bank of England’s monetary policy. The conflicting government and currency policies, of seeking to ramp up growth via tax cuts and rein in inflation through interest rate rises, attracted sharp
Shoppers are paying a record 10.6% more for food than they were a year ago, figures show. Overall shop price inflation accelerated to 5.7% in September, up from 5.1% in August, in another record since the British Retail Consortium-Nielson IQ index began in 2005. Food price inflation rocketed past last month’s 9.3% to 10.6%, driven
Retired Air Vice-Marshal Sean Bell gives an update on troop mobilisation across Ukraine. He mentions a “robotic effort” from Russian forces in and around Kherson in southern Ukraine and the possibility of negotiations taking place if Russia is successful in the Donbas region. SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on
CNN’s Chris Cillizza takes a look at how much former President Donald Trump claimed his properties were worth and compares the numbers to their appraisal value. #CNN #News
Eviation Alice, an all-electric aircraft that appears to be closest to being commercially viable, had its first flight, and it was successful. After Eviation unveiled the prototype of its Alice aircraft back in 2017, the company attracted a lot of attention and comparison with Tesla because the aircraft was among the first all-electric plane that was
The U.K. has laid out plans to ramp up the number of electric vehicles on its roads over the next few years. Coldsnowstorm | E+ | Getty Images Electric car drivers in the U.K. have seen the cost of using a public, “rapid” charger on a pay-as-you-go tariff rise by 42% since May, according to
He’s known as the sparkling mixologist, knocking up cocktails at moment’s notice and putting nervous singletons at their ease as they embark on a first date in front of the TV cameras. But few viewers of Channel 4’s First Dates would have been aware when watching Merlin Griffiths in the latest series of the show,
Labour will tomorrow unveil plans to ensure every primary school child in England has access to fully funded breakfast clubs under a government led by Sir Keir Starmer. Announcing the scheme on the final day of the party’s conference in Liverpool, Bridget Phillipson, the shadow education secretary, will say the policy will be paid for
Brett Harrison, FTX Source: CNBC Brett Harrison, the U.S. president of the crypto exchange FTX, announced his resignation on Tuesday, with the company in the midst of a massive expansion effort. Harrison said on Twitter that he will be moving into an advisory role at the company and said he plans to remain in the
Holly Willoughby and Phillip Schofield have been “misrepresented” and will not be fired over claims they skipped the queue to view the Queen’s coffin, the head of ITV has said. Dame Carolyn McCall said the presenters of This Morning were safe in their jobs, despite an online petition calling for them to be sacked. She
8:00 AM ET Following yet another defeat in the middle of a lost season, LeBron James was asked a question at Miami’s FTX Arena that invited him to escape the losing moment to broaden and brighten his view. What did James think about being within striking distance of Kareem Abdul-Jabbar’s heralded all-time NBA scoring record
Bank of England’s plain speaking will likely calm some of the volatility of the British economy Ian King Business presenter @iankingsky Central bankers are often accused of speaking in code or of making Delphic pronouncements. But the words today from Huw Pill, the Bank’s chief economist, could not be more clear. Mr Pill, who voted
NASA’s mission to deflect asteroid is a step towards preparing the world for a potential future asteroid strike like the one which killed the dinosaurs some 66 million years ago, the chances of which are very slim in our lifetime, Indian scientists said. In a first-of-its-kind mission, the Double Asteroid Redirection Test (DART) spacecraft successfully
A Labour MP has been suspended from the party after she was accused of making “racist” comments about the chancellor. Rupa Huq was administratively suspended pending an investigation after she claimed that Kwasi Kwarteng was “superficially” black. The MP for Ealing Central and Acton made the remarks about the UK’s first black chancellor at a
We speak to an Oscar winner and a grime star this week, in the latest Backstage – the TV and film podcast from Sky News. Claire Gregory is joined as usual by Stevie Wong, alongside Sky News’ arts and entertainment reporter Chris Robertson, as they look at the latest news and reviews in the world
Sir Keir Starmer has announced that a Labour government will create Great British Energy – a new, publicly owned company that will generate renewable sources “to cut bills, create jobs and deliver energy independence”. The role of GB Energy will be to provide additional capacity alongside the private sector, to establish the UK as a
Adani Group will invest $100 billion (roughly Rs. 8,14,200 crore) over the next decade, primarily in new energy and digital space that includes data centres, Chairman Gautam Adani said on Tuesday, as the group bets big on India growth story. As much as 70 percent of this investment will be in the energy transition space,
Mysterious leaks in the Nord Stream gas pipe network began with “powerful subsea blasts” and may have resulted from an “act of sabotage”. The undersea Nord Stream pipes – part of which supplies Germany with gas from Russia – were damaged in three places in one day on Monday. Nord Stream AG, the owner, described
NASA’s DART spacecraft successfully slammed into a distant asteroid at hypersonic speed on Monday in the world’s first test of a planetary defense system, designed to prevent a potential doomsday meteorite collision with Earth. Humanity’s first attempt to alter the motion of an asteroid or any celestial body played out in a NASA webcast from
The Queen’s funeral has seen the biggest ever gathering of senior dignitaries, with more than 500 Kings, Queens, Prime Ministers and presidents travelling to London for the occasion.