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Business

Business

OBR takes aim at government’s ‘Brexit dividend’ boost for NHS

The independent watchdog's Fiscal Sustainability Report also estimated that - in the absence of any planned tax changes or spending cuts being set out yet - the spending increase would add 1.5% of GDP to the annual deficit over the long term, pushing up the UK's debt pile

No deal Brexit risks ‘big’ consequences and ‘idle bankers’ , Mark Carney warns

The governor of the Bank of England made his remarks while giving evidence to a committee of MPs at the Farnborough International Airshow - the first outing outside Westminster for a Treasury committee hearing

Amazon boss Jeff Bezos is richest man in modern history – Bloomberg Billionaires Index

According to the Bloomberg Billionaires Index, Mr Bezos's fortune is $55bn ahead of the second richest man, Microsoft's Bill Gates

Wage growth at weakest level since January

The Office for National Statistics (ONS) reported that average weekly wages, excluding bonuses, rose by 2.7% in the three months to May

Horror for Netflix as it misses subscriber targets

The video streaming service's stock lost 14% of its value after it confirmed that global subscription growth from April to June had missed management's targets by more than one million

Heavy showers provide some heatwave relief as hosepipe ban looms

Fourteen millimetres of rain was recorded in Blackpool on Monday as downpours hit the North West, with the Met Office forecasting more to come on Tuesday

Trade tensions see IMF cut UK growth estimate

Updating its forecasts from April, the global organisation warned of risks from trade tensions, as characterised by Brexit talks and tariffs announced by the US. Its 2019 predictions for 1.5% growth remain unchanged

Reborn British Steel seals £90m funding deal

Sky News has learnt that the company, which owns the giant Scunthorpe steelworks in the north of England, has struck a deal to secure £90m of debt funding from US-based White Oak Global Advisors

Banks bid for piece of £775m RBS small business pie

A £775m pot of cash has been made available by Royal Bank of Scotland to boost competition in small business banking

Is this how next generation of UK fighter jets will look?

Named Tempest, the jet can be either flown by a pilot or operated remotely

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