UK Economy: GDP Growth Accelerates To 0.8%

The Chancellor claims there is now "real momentum" in the UK's economic recovery after GDP growth of 0.8% was measured in the third quarter. The Office for National Statistics (ONS) said it marked the strongest period of growth in more than three years...

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Family Not Seeing 'Green Shoots' Of Recovery

By Emma Birchley, East Of England Correspondent The green shoots of economic recovery might be growing stronger but the Horton family is not feeling the effects. "It's been really, really tough. We are struggling to make ends meet," said Spencer,...

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Mark Carney Announces Liquidity Boost

By Ed Conway, Economics Editor The Bank of England Governor has unveiled a major overhaul of the way the Bank pumps cash into the markets. In a speech on Thursday evening to celebrate the 125th anniversary of the Financial Times, Mark Carney...

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UK Economy 'May Have Grown By Up To 1%'

Official statistics released later are expected to show that the UK economy grew by up to 1% in the three months to September. Investec's Philip Shaw forecasts 0.8% growth for the third quarter but said it was "not impossible" that it could be closer...

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Grangemouth Job Fears As Chemical Plant Shut

The owner of the Grangemouth petrochemical plant is to close the operation permanently and keep shut, for now, its major oil refinery amid a continuing pay dispute. The move threatens up to 800 jobs at the petrochemicals business, which makes products...

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Aberdeen Plots Share Raid For Lloyds Division

By Mark Kleinman, City Editor One of the City's biggest asset managers is plotting a takeover of the fund management arm of Lloyds Banking Group that could result in the taxpayer-backed bank owning a sizeable stake in it. Sky News has learnt that...

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Grangemouth: Owner 'In Dark' As Buyer Sought

The owner of the Grangemouth refinery, currently shut down during a bitter dispute with staff, has told Sky News it did not know the Scottish Government was seeking a new buyer. Ineos said it would announce on Wednesday morning whether it planned to...

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Energy Bills: Major Calls For 'Windfall Tax'

By Jon Craig, Chief Political Correspondent Former Prime Minister Sir John Major has dropped an energy price hike bombshell on David Cameron by calling for a windfall tax on power companies this winter. In a move that stunned the Tory high command,...

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Grangemouth Refinery Workers 'Reject Deal'

Two-thirds of workers at the Grangemouth oil refinery have refused to accept new terms and conditions, their union says. Ineos had set a deadline of 6pm on Monday for the workforce to agree to its "survival plan", which amounts to a cut in pension entitlement,...

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Rescue Plan Leaves Co-op With 30% Bank Stake

The Co-operative Group is to lose overall control of its banking arm amid a funding struggle, Sky sources have confirmed. The Co-op will be left with only a 30% stake in the bank, according to Sky News City Editor Mark Kleinman. An announcement is...

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London House Prices Leap 10% In Just A Month

London house prices are said to have soared to a new high this month, beating their previous record by nearly £30,000 and fuelling fears that the capital is overheating. Property website Rightmove said asking prices in the capital saw an "unsustainable"...

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Nuclear Power Plant 'Strike Price' Agreed

A deal to build Britain's first nuclear power plant in a generation is expected to be announced today. The Government has been negotiating with French-owned EDF Energy for more than a year over two new plants which will be built at Hinkley Point in...

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HS2 Rail Link: 'Cities Could Lose Up To £220m'

Some cities in the UK could lose as much as £220m if a new high-speed rail link is built, previously unseen figures have shown. If HS2 goes ahead, it will leave more than 50 areas worse off - details that were omitted from a Government-commissioned...

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Energy Bills: Welby Slams 'Severe' Price Rises

The Archbishop of Canterbury has launched a stinging attack on Britain's energy firms, warning the latest round of price hikes seem to be "inexplicable". Justin Welby insisted the so-called Big Six energy companies had an obligation to behave morally...

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