Business

Cryptocurrency trading is “too dangerous” to remain outside mainstream financial regulation and could pose “a systemic problem” without action, the deputy governor of the Bank of England has warned. Speaking for the first time since the founder of the crypto trading platform FTX was arrested and charged with massive fraud, Sir Jon Cunliffe told Sky

Millions of train passengers face a hike in fares of nearly 6% from March, the Department for Transport has said. The increase is being imposed to support “crucial investment and the financial stability” of the railway, the department said. Transport Secretary Mark Harper said: “This is the biggest-ever government intervention in rail fares. “I’m capping

The average UK property is £17,500 more expensive now than a year ago though house price growth has slowed and London properties are nearly 25% cheaper than five years ago, according to data from property website Zoopla. House prices have risen 7.5% over the past year, though the increase has slowed in the past three

A significant number of firms are still struggling to increase sales or grow their business under the UK-EU trade deal, the British Chambers of Commerce (BCC) has warned. It is calling on the government to look again at how trade with Europe can be improved two years after the deal agreed by Boris Johnson. Last

Sam Bankman-Fried has been extradited to the US from The Bahamas as he faces criminal charges relating to the collapse of cryptocurrency exchange FTX. Authorities in the Bahamas said the FTX founder had waived his right to challenge the extradition and Bankman-Fried was witnessed leaving a magistrate court in Nasssau in a dark SUV. According

Given the drama of 2022, there is no guessing what 2023 will throw at us. Still, that needn’t stop us having a shot, so without further ado, here are some of the charts that might help tell the story of 2023. 1. The gas divergence One of the most curious things about 2022 was that

When looking back at the year gone by, it is rather hard to know where to start. The death of a monarch, war in mainland Europe, the shortest running prime minister of all time. It has been an extraordinary 12 months of news, especially for the economy. Rather than running through the whole thing in

The cost of antibiotics needed to treat Strep A has skyrocketed – as industry professionals claim prices have been hiked up to take advantage of “unprecedented” demand. Multiple pharmacies have warned they cannot obtain the necessary medications to treat Strep A as a 16th child died in Sussex with a suspected infection on Friday –

Depending on your point of view, Jeremy Hunt’s proposed reform of financial regulations represents a potentially significant boost to the competitiveness of the UK’s financial services sector or a potentially dangerous watering-down of rules put in place to prevent a re-run of the financial crisis. The truth, as ever, is that it is probably somewhere

A striking Royal Mail worker has voiced fears up to 25,000 staff could be sacked and new working conditions imposed on those left after the core Christmas season has finished. The man, who usually delivers letters and parcels in the London area and is being identified as ‘Derek’ because he wished to remain anonymous, was

Germany’s biggest fraud case gets underway as the former executives of payments company Wirecard stand trial after a scandal that rocked the German establishment. In a new, bomb-proof court built 5m (16ft) underground to try terror suspects, CEO Markus Braun will appear. He, and two other Wirecard managers, Oliver Bellenhaus and Stephan von Erffa, stand

Union bosses have accused ministers of stonewalling requests for meaningful pay talks, as more sectors threaten to strike during the Christmas period. TUC General Secretary Frances O’Grady and Unison General Secretary Christina McAnea have claimed ministers are refusing to negotiate in good faith. In a joint letter to Chancellor Jeremy Hunt, they insisted that no

Motorists should not expect to see a return of supermarkets using cheap fuel to lure in shoppers, an industry source has told Sky News. They spoke out after weeks of criticism from motoring groups and fuel price campaigners that supermarket petrol stations are failing to reflect plunging wholesale fuel prices. Data supplied by the AA

The price of own-brand and budget products in supermarkets has been rising far faster than premium and branded items during the cost of living crisis, new figures suggest. Which? tracked tens of thousands of products across eight major supermarkets – and while budget ranges had surged by as much as 18%, the price of premium

A minister has urged the Rail, Maritime and Transport union not to “hold the country to ransom” after it announced days of extra strikes over Christmas in a long-running dispute over pay, jobs and conditions. Calling on the union to cancel the strikes, Nick Gibb, the school minister, said the walkouts are “inconveniencing people up

Union leaders have rejected revised offers to end industrial action on the railways – and announced more strikes over Christmas. RMT members at Network Rail are being urged by union bosses to reject new pay proposals and proceed with walkouts on 13-14 and 16-17 December. The RMT has also announced further strike action from 6pm