When South East Water (SEW) is in the news, the headlines do not generally make for comfortable reading. While the water and sewerage industry and its regulators have little to cheer about, this water-only supplier is now facing calls to be nationalised – such is the strength of feeling over performance as it grapples with […]
South East Water supply crisis is familiar tale for customers Read More »
AI could become a “weapon of mass destruction of jobs” if urgent action is not taken, according to London mayor Sir Sadiq Khan. Speaking at the annual London government dinner at Mansion House this evening, Sir Sadiq will argue that London must actively shape the AI revolution to protect jobs, boost productivity and safeguard the
Sadiq Khan: AI could usher in new era of mass unemployment Read More »
The former P&O Ferries chief once described as “Britain’s most hated boss” saw his pay slide in his final full year in the job – but still earned more than £600,000. Sky News can reveal that Peter Hebblethwaite was paid £622,000 in 2024, down from £683,000 the year before. The figure is contained in accounts
Former P&O Ferries chief set sail with £622,000 pay package Read More »
1st Central, a car and home insurer with more than 1.5 million active policies, is in talks with advisers about a potential London flotation. Sky News has learnt that 1st Central, which is run by former Hastings executive Michael Lee, is arranging a beauty parade of investment banks to take place in the coming months.
Insurer 1st Central approaches banks about £1bn-plus float Read More »
South East Water (SEW) is being investigated by regulator Ofwat after repeated outages since November have left tens of thousands of households and businesses across Kent and Sussex without drinking water. In an update on Thursday, the firm said around 8,500 addresses were still without water. With some properties entering a sixth day without water,
Water company probed after tens of thousands of homes lose supply Read More »
The Scottish government has unveiled its draft budget for 2026-27 – with a boost to its child payment benefit, changes to income tax and new taxes on expensive homes and private jet travel. Finance Secretary Shona Robison says the SNP administration’s spending plans would benefit families and was a budget for a “more prosperous Scotland”.
The winners and losers in the Scottish budget Read More »
MPs have warned that recent and upcoming policies could be the final nail in the coffin for many pubs, as the Commons backed an increase in alcohol duty in line with inflation. Pubs have faced a toxic cocktail in recent years, including an increase in employer’s national insurance, the minimum wage, energy costs, business rates,
MPs raise alarm over future of pubs – with more than 500 tipped to close this year Read More »
A new rail line will be built between Birmingham and Manchester, the government has announced. However, no timescale for when it would be built has been provided – or any other details, such as how it will be funded. The Treasury says it wants a new Birmingham-Manchester rail line, but it will not be “a
New Birmingham to Manchester rail line to be built Read More »
Britain is “firmly on track” to meet its clean power targets for 2030, according to the government following a record offshore wind auction. It has awarded contracts to supply 8.4 gigawatts (GW) of new offshore wind power – enough to power 12 million homes. The auction is part of efforts to ease the country away
Wind power prices up in new offshore contracts as UK moves away from gas Read More »
The start of a new year is the perfect time to reset your financial goals – and set realistic expectations for the year ahead. Whether it’s hitting a savings target, paying off a credit card or cutting down your household bills, there are some helpful New Year’s resolutions you can put in place to make
11 financial New Year’s resolutions to get your money in order Read More »