Business

COVID-19: Work from home tax break set to end after costs 'spiral to £500m' during pandemic

A tax break on working from home is set to be scrapped by the chancellor after the cost to the Treasury rocketed during the pandemic to around £500m,…

Banks hand Post Office lifeline with new three-year cash access deal

The Post Office has struck a new three-year deal with Britain’s biggest banks to provide cash to their customers after months of fraught negotiations.

Mike Lynch loses $5bn fraud case over sale of Autonomy to HP in 2011

UK entrepreneur Mike Lynch has lost a multi-billion pound fraud action brought over the sale of software company Autonomy to Hewlett-Packard (HP) in…

KPMG UK profit surges despite government 'ban' and string of scandals

Hundreds of partners at KPMG, the big four accountancy firm, will be told next week that their payout surged last year despite a renewed string of…

Inflation rate for poorest households lags level facing high-earners, ONS says

The surging rate of inflation experienced by households in the run-up to Christmas was similar for both low and high income earners despite different…

Ian King Business Podcast: Apple profits, online ordering and holiday bookings

Sky's Ian King looks into record profits for Apple in the last quarter of 2021 and speaks to the boss of a Belgian start-up looking to make online…

Funeralcare provider's husband-and-wife team eye £400m windfall

A husband-and-wife team who founded one of Britain's fastest-growing funeralcare providers is exploring a sale or public listing that could value it…

Regulator targets 'crippling' insurance bills for residents of flats after Grenfell tragedy

The City watchdog has urged insurance firms and brokers to work with it to ensure bills are fair after communities secretary Michael Gove said residents…

Ukraine tensions: Nord Stream 2 pipeline connecting Russia with Germany is a symbol of how political…

Seaside resorts are always curious places during the winter, but Lubmin, on Germany's northern coast, is odder than most.

McDonald's: Supply chain bottlenecks take a bite out of restaurant group's profits

Supply chain bottlenecks have taken a bite out of McDonald's profits as it was forced to spend more money on chicken, beef and packaging material -…

National Insurance hike: Tory Treasury committee chairman Mel Stride calls on ministers to scrap April…

A senior Conservative MP has called for the government to delay the proposed National Insurance hike amid rising cost of living pressures

Johnson takes break from survival battle to host tech company bosses

Boris Johnson will seek brief respite from his political survival fight next week when he meets technology company bosses to discuss the City's status…

Socios boss defends fan tokens business model

The boss of the largest sports cryptocurrency trading platform has defended a business model that has generated millions of dollars in new revenue…

Global markets volatile as sustained action to target inflation looms large

The pound has fallen sharply against the dollar and stock market values are volatile after the US central bank indicated it was to launch a concerted…

US economy sees strongest growth since 1984 as it bounces back after COVID-19 downturn

The US grew at its strongest pace since 1984 last year as it bounced back from 2020's pandemic-driven downturn, official figures show.