(c) Sky News 2026: Mark Kleinman blog | City trade body dropped £9bn motor finance challenge after intervention from FCA chief
Die On This Hill
(c) Sky News 2026: Mark Kleinman blog | City trade body dropped £9bn motor finance challenge after intervention from FCA chief
Bank of England sounds warning of interest rate hikes ahead
Inflation could rise to 6.2% next year, with interest rates peaking at 5.25%, in the event of a prolonged energy shock with oil prices remaining above $130 a barrel, according to a worst-case scenario modelled by the Bank of England.
Premier Inn and Beefeater owner blames tax rises for cutting nearly 4,000 jobs
The owner of hotel chain Premier Inn has announced plans to cut 3,800 jobs, blaming higher costs, as part of an overhaul of its restaurants.
Elon Musk says Sam Altman tried to 'steal' charity, as moguls contest $150bn court battle
Elon Musk has accused his rival Sam Altman of trying to "steal" a charity as he fights his $150bn (£111bn) court claim over OpenAI.
Iran war: UK borrowing cost at its highest since 1998 as oil price shoots up
UK long-term borrowing costs have hit their highest level since 1998 while oil prices have notched a new Iran war peak amid fears of extended disruption to energy flows from the Middle East.