RBS Sued In £150m Pre-Crash Advice Battle

Royal Bank of Scotland and a leading rating agency are being sued for £150m over so-called toxic products in the global financial crash. Sixteen European institutional investors have launched legal action against Standard and Poor's (S&P), and the...

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US Jobless Rate At Lowest For Five Years

The unemployment rate in the United States dropped to 7% in November, the lowest figure for five years. The sharp drop in the rate, from 7.3% in October, was unexpected and raised the odds that the Federal Reserve could soon begin moving away from its...

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NatWest Website Hit By A 'Surge Attack'

The NatWest personal banking website has been hit by a cyber attack in the wake of its IT woes earlier this week, Sky News has confirmed. Some customers trying to log on to the website found it impossible to enter the site. NatWest, which is owned...

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Autumn Statement: The Key Points At A Glance

The main measures and forecasts as outlined by the Chancellor George Osborne in his Autumn Statement: ECONOMY :: Aim is "To fix the roof while the sun is shining" rather than spend beyond our means. :: "We will not let up in dealing with our country's...

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Autumn Statement: 'The Plan Is Working'

Chancellor George Osborne has told the country "Britain's economic plan is working but the job is not done". Making his Autumn Statement, Mr Osborne delivered good news for the economy with a freeze in fuel duty as well as help for young people seeking...

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Qantas Sinks To 'Junk' Status In Airline War

The credit standing of embattled Australian airline Qantas has been downgraded by a leading rating agency to "junk" status. Standard & Poor's reassessment of the world's second oldest airline comes after the carrier issued a shock profit warning...

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Autumn Statement: Longer Wait For Pensions

By Sophy Ridge, Political Correspondent People will have to work until they are 68 years old before receiving a state pension from the mid 2030s, in a move that will raise around £400bn for the Treasury. Chancellor George Osborne will also announce...

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The Autumn Statement: What's Expected?

Longer Wait For Pensions Revealed Updated: 7:02am UK, Thursday 05 December 2013 By Sophy Ridge, Political Correspondent People will have to work until they are 68 years old before receiving a state pension from the mid 2030s, in a move that will...

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Blockbuster To Shut With 1,200 Job Losses

The movie and games rental chain Blockbuster is to be closed down by the year's end with the loss of 1,200 jobs, Sky sources say. The development will be a bitter but hardly surprising blow to the staff as store numbers were slowly cut by administrators Moorfields...

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Eurostar: Government's 40% Stake Up For Sale

The Government is to sell its 40% stake in Eurostar as part of a plan to privatise £20bn of financial and corporate assets by 2020. The announcement is contained in the new national infrastructure plan (NIP) which sets out over £375bn of planned public...

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RBS And Natwest Glitch: Branches To Open Early

More than one thousand Natwest and RBS branches are opening early on Wednesday to help customers resolve outstanding issues with their accounts after Monday's technical glitch. All of the high street banks' systems went down for three hours on one of...

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Tesco UK Sales: Further Fall Blamed On Economy

Tesco's UK recovery strategy is facing renewed scrutiny after it confirmed a third quarter decline in underlying sales. Britain's biggest retailer is 20 months into a turnaround plan for its main UK business that has seen over £1bn invested in...

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Npower Customer Apology After Bill Errors

Energy firm npower has written to its 3.4 million customers to apologise after a sharp rise in complaints in the last year. The German-owned gas and electricity supplier admitted that a glitch resulted in a number of bills and statements failing to...

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Households Raid Savings At Record Rate

By Ed Conway, Economics Editor Households are pulling money out of their savings accounts at the fastest rate in modern record, according to Bank of England figures. In the past year, families have withdrawn £23bn from their long-term savings accounts...

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RBS And NatWest IT Problems On Cyber Monday

RBS and NatWest say a glitch which left customers unable to access their cash across the UK has now been resolved. Thousands of people vented their anger on Twitter after all the high street banks' systems went down on one of the busiest shopping days...

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Miliband Slams 'Smoke And Mirrors' Energy Plan

Ed Miliband will dismiss the Government's plan to cut the cost of household energy bills by £50 as "smoke and mirrors" in a speech today. The Labour leader will insist that the "cosy deal" reached with the 'Big Six' power firms will still see bills...

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Cameron Arrives In Beijing For Trade Talks

The Prime Minister will champion a free trade agreement between the EU and China today which could be worth £1.8bn to the UK alone. David Cameron arrived in Beijing at the head of the largest British trade delegation ever to visit the country, which...

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Npower To Freeze Its New Prices Until 2015

'Big Six' energy provider npower, which recently raised its customer bills by more than 10%, has announced a decision to put a freeze on any more hikes until 2015. The company's promise comes on the morning that the Government said it would take action...

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BoE Boss Warns Homeowners Over Rate Rise

Homeowners must find a way to pay their mortgages if interest rates rise because they will not be guaranteed a helping hand, the governor of the Bank of England has warned. Mark Carney's message came after BoE figures showed mortgage approvals hit their...

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Ministers To Fund £300m Energy Bill Rebates

By Mark Kleinman, City Editor Ministers are to fund a £300m plan for a £12 rebate on every domestic electricity bill in the country as part of a Government effort to combat a round of inflation-busting energy price hikes. Sky News has learnt that...

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Energy Bills 'To Fall By £50' Under Govt Plan

Plans to reduce the cost of soaring energy bills by an average £50 a year as a result of cuts in green levies have been confirmed by the Government. Prime Minister David Cameron and his Liberal Democrat deputy Nick Clegg confirmed that funding of insulation...

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