Amazon workers in the UK are to go on strike today to coincide with Black Friday – one of the company’s busiest shopping days of the year. More than 1,000 staff at the firm’s warehouse in Coventry are expected to take part in the walkout, the GMB union said, amid a long-running dispute over pay
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The energy price cap is to rise to an average annual £1,928 from January, the sector’s regulator has announced. Ofgem said a typical household paying by direct debit for gas and electricity faces forking out 5% more when compared to the annual cap figure covering September to December, which equates to £94 more over the
Nissan is to commit to manufacturing electric versions of two of its bestselling models at its Sunderland plant after months of talks with the government. Sky News can reveal that the giant Japanese car manufacturer will announce on Friday that it will build the electric Qashqai and Juke at the site – a decision that
Here are some of the main announcements from Chancellor Jeremy Hunt’s autumn statement to MPs: This will be updated as more information comes in… The Office for Budget Responsibility (OBR) predicts an average inflation rate of 2.8% by the end of next year and 2% by 2025. Benefits will increase by 6.7%, the September rate
The national living wage will rise to £11.44 per hour from April. Chancellor Jeremy Hunt has announced he is accepting the recommendation from the Low Pay Commission – an increase of £1.02 from the current rate of £10.42. The national living wage is the minimum people aged 21 and over must be paid for their
Markets are underestimating how persistent inflation will be in the next year and interest rates are likely to remain high as a result, the governor of the Bank of England has said. Andrew Bailey told MPs that Bank rate is likely to be kept at an elevated level for a “significant” period in order to
Ed Richards, the former boss of media regulator Ofcom, is acting as a secret lobbyist for RedBird IMI, the Abu Dhabi-backed media vehicle which is in advanced talks to take control of The Daily Telegraph. Sky News has learnt that Flint Global, the public affairs firm founded by Mr Richards, is advising RedBird IMI on
A new interim chief executive has been appointed to the company behind major AI chatbot ChatGPT, with the ousted ex-CEO Sam Altman being tapped up to head a new Microsoft AI team. Mr Altman, the founder of OpenAI and former CEO, was fired in a shock announcement on Friday, as the not-for-profit company board said
Taxes on personal income are set to go down in Wednesday’s autumn statement and reduce again in the spring budget, as the chancellor focuses on low and middle income working families. The Politics at Jack and Sam’s podcast, by Sky News and Politico, reveals the overwhelming focus of the autumn statement will be on helping
The chief executive of the company responsible for ChatGPT, who is widely considered the face of generative AI, has been pushed out of the firm he had helped propel to the forefront of the tech world. But for those concerned with AI safety, the focus is not as much on what Sam Altman does next
There will be a lot of positive talk from the chancellor when he delivers his autumn statement on Wednesday, but this will be a fiscal event full of illusory gains. The government is on track to borrow less than previously forecast, which will give rise to a fantasy that Chancellor Jeremy Hunt has more space
A court hearing to liquidate a Barclay family holding companies in order to smooth a sale of The Daily Telegraph is poised to be adjourned after a last-gasp offer to repay more than £1bn to Lloyds Banking Group. Sky News understands that a hearing scheduled to take place in the British Virgin Islands on Monday
The chief executive of OpenAI – the firm behind viral chatbot ChatGPT – has been ousted after the board said it no longer has confidence in him. Sam Altman is to depart and will be replaced in the interim by Mira Murati, who is currently chief technology officer for the artificial intelligence company. In a
Sir Jim Ratcliffe and the Glazer family are on the brink of finalising a $33-a-share deal that will see the petrochemicals tycoon acquiring a 25% stake in Manchester United Football Club. Sky News can reveal that months of talks between the Ineos billionaire and the Red Devils’ controlling investors for the last 18 years have
The government has announced plans to remove benefits and step up monitoring of welfare recipients in an effort to bring more people into work. Job seekers will have benefits such as free prescriptions and legal aid removed if they’re judged not to be looking for work under the chancellor’s Back to Work Plan which aims
Hotel Chocolat has agreed to a £534m takeover offer from Mars, the maker of goods from Snickers bars to Pedigree dog food. The UK specialist chocolatier retailer said the offer represented a 170% premium to its London share price of 139p and the deal would allow its brand to expand internationally This breaking news story
Manchester United has confirmed its chief executive of two years, Richard Arnold, “has decided to step down” as part of a “management transition”. The development was revealed shortly after Sky News reported that Mr Arnold would be replaced by the club’s general counsel, Patrick Stewart, on an interim basis. The change is taking place as
The chief executive of Manchester United Football Club is to leave after just two years in the job as its owners finalise the sale of a minority stake to the petrochemicals billionaire Sir Jim Ratcliffe. Sky News has learnt that the Old Trafford club will announce to the New York Stock Exchange later on Wednesday
The chancellor has agreed to address the CBI’s first public event since the business lobbying group was plunged into crisis earlier this year. Sky News has learnt that Jeremy Hunt will be among the keynote speakers at the CBI’s annual conference in London next week, just seven months after declaring that there was “no point”
The pace of wage growth has eased back from a record level, according to official figures that also showed no change in the UK’s jobless rate despite the tough economy. The Office for National Statistics (ONS) reported that average wages excluding bonuses were 7.7% higher than a year earlier in the three months to September.
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