MPs Summon City Watchdog Bosses Over Probe

Two City watchdog executives criticised following a probe into the insurance industry are to give evidence on the crisis to a powerful panel of MPs, it has been confirmed. Clive Adamson, the Financial Conduct Authority's (FCA) director of supervision,...

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Treasury To Unveil 'Landmark' Bank Agreement

By Mark Kleinman, City Editor Ministers will next week hail a "landmark" deal with Britain's nine biggest lenders to offer millions of consumers a new fee-free basic bank account. Sky News has learnt that the Treasury will announce on Monday that...

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UK Flights Chaos After Traffic Control Glitch

More than 100 flights have been cancelled and many others delayed after a major computer failure grounded planes in London and the South. A glitch at the state-of-the-art UK air traffic control centre headquarters in Swanwick, Hampshire, caused severe...

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Water Bills To Fall By £20 Over Next 5 Years

Household water bills should fall by around £20 over the next five years, the industry watchdog has ruled. The 5% real-terms drop, excluding inflation, would see average bills come down from £396 to £376 by the end of the decade, according to Ofwat....

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Energy Firms Fined For Missing Green Targets

The energy regulator says it has secured £4.6m in fines from three power suppliers for failing to meet obligations to low-income households. Ofgem said Scottish Power would pay £2.4m for missing targets under the Government's Community Energy Saving...

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US Shutdown Averted With $1.1tn Budget Deal

The US House of Representatives has passed a $1.1tn (£700bn) budget bill, averting a government shutdown with just hours to spare. The Republican bill was passed by 219 votes to 206, after the White House urged Democrats to back it. The legislation...

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Prices At The Pump To Hit Four-Year Low

Petrol prices are set to fall to a four-year low as a leading supermarket prepares to shave another 2p off a litre. Asda said it will bring its price for unleaded down to 112.7p a litre on Saturday, which will mean it is at its cheapest since October...

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FTSE 100 Suffers Worst Week In Three Years

More than £110bn has been wiped off the value of Britain's leading companies as the FTSE 100 suffered its worst week in three years. The index closed down 161.07 points on Friday, a loss of 2.49%, making an overall drop of 6.6% since Monday - the...

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Yodel Suspends Collections Hitting Deliveries

Yodel Suspends Collections Hitting Deliveries We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close Play video "Yodel Suspends Collections" Video: Yodel Suspends Collections ...

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Express Owner Desmond Hands £300k To UKIP

By Mark Kleinman, City Editor The Daily Express owner Richard Desmond has agreed to donate £300,000 to UKIP, bolstering the party's war chest less than five months before the general election. Sky News has learnt that Mr Desmond pledged the money...

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