Business

Brexit regret has reached record levels, according to new polling which said just 9% of Brits consider it to be more of a success than a failure. According to a YouGov survey, 62% of people describe it as more of a flop – including 37% of Leave voters. It comes after arch-Brexiteer Nigel Farage admitted

A growing number of skilled workers from Africa and Asia are moving to Britain to plug crippling staff shortages, according to new figures that reveal the changing picture of migration. Businesses are making use of the new post-Brexit migration system to bring in IT professionals, nurses and accountants. Since January 2021, the new system has

Meta is expected to face a record fine later over its transfer of Facebook’s European user data to US servers, according to reports. Reuters news agency cited two anonymous sources familiar with the matter as saying that the penalty from EU regulators will be higher than the previous record – a €746m (£647m) fine for

The government is to begin the hunt for a new boss of its flagship trade and cultural promotion campaign after the incumbent decided to step down after two years in charge. Sky News understands that Andy Pike OBE resigned as director of GREAT earlier this month, and will leave the post in September. Mr Pike

Executives including a former director of world motorsport’s governing body and the Nectar loyalty scheme founder Sir Keith Mills are in talks to raise $100m (£80m) to finance the rebirth of A1GP, the motor racing series contested by national teams from around the globe. Sky News has learnt that heavyweight names from the sporting and

The energy price cap is set to remain more than £1,000 higher than the average bill before the COVID pandemic, according to a closely-watched forecast. Ahead of the industry regulator’s determination on the price cap level due next week, energy research specialist Cornwall Insight said it saw the cap for a typical household at the

Tesco chair John Allan is to leave next month after the supermarket giant said allegations over his personal conduct “risk becoming a distraction” to the chain. The UK’s largest retailer said he would be “stepping down” from his role as chair of the board and as a director at the company’s AGM on 16 June.

Prime Minister Rishi Sunak and his wife lost an average of £500,000 a day over the past year, according to The Sunday Times Rich List. The couple are estimated to be £201m poorer due a fall in the value of Akshata Murty’s stake in her father’s IT firm – but are still worth a reported

The government’s long awaited national semiconductor strategy has been published and met with a lukewarm response from industry amid ongoing shortages. Microchip makers, who create the parts needed in almost every electronic item, welcomed the publication of the strategy but one called for more detail to know if the £1bn promised will be effective and

The government must act to prepare for artificial intelligence (AI) to hit the workplace “like a freight train”, the boss of one of Britain’s leading energy companies has told Sky News. Greg Jackson, founder of Octopus, says the adoption of AI across industry will ultimately improve the workplace and spawn new roles, but the startling

It is hardly surprising that, confronted with the highest levels of food and drink inflation since 1977, some people have concluded that supermarkets are “profiteering”. Those people, apparently, include Liberal Democrat leader Sir Ed Davey, and the Unite union’s general secretary Sharon Graham. Both have used that incendiary term over the past week, with Sir

Britain has now missed its window of opportunity to build a battery industry, and the government, including Rishi Sunak, is largely to blame, the head of collapsed cell manufacturer Britishvolt has told Sky News. The company was feted as the jewel in Britain’s manufacturing crown – the first home-grown gigafactory, co-financed by the government and

Almost 11 million people are battling to keep up with bills and credit repayments, new figures have revealed. Around one in five adults have found financial commitments to be a heavy burden from the start of the year, according to the Financial Conduct Authority (FCA). The number of people struggling soared from 7.8 million last

The owner of the largest pipeline system in the North Sea has warned the future of domestic production is in doubt due to the severity of UK windfall taxes. Sir Jim Ratcliffe, who is Britain’s richest man and whose Ineos business owns the Forties oil and gas pipeline, said the tax rate applied to North

One in five taxpayers will be paying higher-rate income tax by 2027, in what the Institute for Fiscal Studies describes as a “seismic shift” since the 1990s. Higher rates of tax were previously thought of as being for the most wealthy, but the six-year freeze in income tax allowances and thresholds that began last month

Supermarket fuel prices were roughly 5p more expensive per litre in 2022 than pre-pandemic levels, an investigation by the competition watchdog has found. The Competition and Markets Authority (CMA) has said that factors beyond the invasion of Ukraine have impacted the price customers are paying at the pumps and weak competition has helped drive increases.