Currency Probe: Barclays Traders Suspended

Sky sources have confirmed traders have been suspended at Barclays in connection with the possible fixing of currency markets as a global regulatory investigation widens. A Financial Times report suggested Barclays had suspended as many as six...

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Sugary Drinks Tax 'Could Raise Treasury £275m'

By Thomas Moore, Health and Science Correspondent A tax on sugary drinks would reduce the number of obese adults in the UK by 180,000 and raise over £275m for the Treasury, according to doctors. Researchers from Reading and Oxford universities...

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Payday Loans To 'Fund Xmas For 1.2 Million'

Pressures on family finances are so great that more than one million people plan to take out a payday loan to cover the cost of Christmas, according to a report. The finding was made by researchers for the Government-backed Money Advice Service (MAS),...

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Wales Offered New Powers To Raise Taxes

By Darren McCaffrey, Sky News Reporter The Welsh government will for the first time have some control over income tax and borrowing, if it is approved by a referendum, the Prime Minister has announced. David Cameron and Nick Clegg set out details...

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RBS Confirms Plan For £38bn 'Bad Bank'

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) has confirmed plans to hive off nearly £40bn of toxic assets into a new division as part of an effort to accelerate its recovery that will be treated with scepticism by advocates of a more...

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Co-Op: US Hedge Funds Reassure Watchdog

By Mark Kleinman, City Editor A group of American hedge funds is trying to reassure the Bank of England about their role in the restructuring of the Co-operative's troubled banking arm ahead of a formal deal to be announced on Monday. Sky News...

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Billionaire Feels Guilty About Being So Rich

Billionaire California financier Bill Gross has apologised for the wealth he has amassed at the expense of workers. In a lengthy blog on the website of his company Pacific Investment Management Company (PIMCO) he labelled fellow tycoons who complain...

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Office Technology 'Boosts Productivity By 500%'

By Katie Spencer, Sky reporter Worker productivity is nearly five times greater than it was in the 1970s and could increase by another 22% by 2020, according to a report. Researchers at the Centre for Economic and Business Research say mobile phones,...

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Water Bills: Crackdown On Costs Expected

Water bills may be "rolled back" after the Government vowed to get tough on the rising cost of living. David Cameron's spokesman indicated that an announcement on water bills would be made next week. The spokesman said the Department for Environment,...

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Co-op To Axe More Than 1,000 Banking Jobs

By Mark Kleinman, City Editor The Co-operative Group is to axe more than 1000 jobs at its troubled banking arm as part of a complete overhaul of its business and finances. Sky News understands that the job cuts, which could be detailed as soon...

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