'Brexit': Prize For Britain's EU Exit Strategy

A 100,000-euro (£86,000) cash-prize is being awarded for the best plan on how Britain could leave the European Union. The 'Brexit Prize' has been created by the Institute of Economic Affairs (IEA), a free-market think tank, in the run up to a proposed...

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Horsemeat: MPs Criticise 'Slow' Investigation

MPs have condemned the "slow pace" of an investigation into the horsemeat crisis in the UK as no one has been prosecuted six months after the scandal erupted. Horsemeat contamination was first revealed in January by officials in the Irish Republic and...

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Greece: Ex-Finance Minister Faces Prosecution

By Anthee Carassava, in Athens Greek lawmakers have voted in favour of the criminal prosecution of former finance minister George Papaconstantinou for wiping the names of relatives from a list of 2,000 suspected tax cheats with Swiss bank accounts....

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Energy Bills 'To Increase By £240 By 2020'

British consumers are forecast to pay £240 more for their annual energy bills within seven years, according to a utility firm report. RWE npower predicted the average yearly bill - for all energy customers, not just its own - will rise from £1,247 to...

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Nationwide Raids Watchdog For Compliance Boss

By Mark Kleinman, City Editor Nationwide, Britain's biggest mutually-owned lender, has raided the City watchdog to appoint its first compliance chief, the latest example of gamekeeper-turned-poacher in the banking sector. Sky News understands that...

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McDonald's To Open In Communist Vietnam

McDonald's is to open its first restaurant in communist Vietnam next year - after granting a franchise to the relative of its prime minister. The American fast food giant said it planned to open in the southern business hub Ho Chi Minh City in early...

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BBC Savile Sex Scandal Reviews Cost £4.9m

Three reviews set up by the BBC in the wake of the Jimmy Savile sex scandal have so far cost licence fee payers almost £5m, the corporation's annual report has revealed. The largest of the inquiries - the Pollard Review - which looked into whether the...

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Swinton Insurance Fined £7m Over Mis-Selling

High street insurance group Swinton has been fined more than £7m over mis-selling products to consumers. The Financial Conduct Authority (FCA) said Swinton's aggressive sales strategy meant that it failed to treat customers fairly in its telephone sales...

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Inflation: Fuel Prices Blamed For June Rise

Inflation surged to a 14-month high in June as rising prices at the fuel pumps and less discounting by fashion retailers intensified pressure on households. The Consumer Prices Index (CPI) inflation rose to 2.9% last month, from 2.7% in May, the Office...

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Co-Op Bank Toughs Out Customer Withdrawals

By Mark Kleinman, City Editor Depositors with the Co-Operative's struggling banking arm have withdrawn hundreds of millions of pounds since the scale of its problems began to emerge in the spring, Sky News understands. Corporate and retail customers...

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