US Shutdown: Deadline Passes Without Deal

A bitterly divided Congress has plunged the US into a partial government shutdown – the first in almost two decades – that puts some 800,000 workers on unpaid leave and closes museums and national parks. A deadline to fund government spending passed...

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Google Defends Tax Affairs From New Scrutiny

Google's tax arrangements are under further scrutiny after it revealed paying £11.6m in corporation tax last year on UK sales said to be as high as £3.5bn. The US technology firm, which has faced Parliamentary criticism amid suggestions of tax avoidance...

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Osborne Wants Fuel Duty Frozen Until 2015

Fuel duty will be frozen until 2015 if the money is available, George Osborne has told the Tory party conference. The Chancellor revealed he aims to cancel the 2p-a-litre rise pencilled in by Labour for September 2014, continuing a freeze that has already...

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Foreign Banks Warn Over Bonus Cap Exodus

By Mark Kleinman, City Editor Some of the biggest foreign banks operating in the UK have warned London's main banking watchdog that a European cap on bonuses would lead to an overseas exodus of their senior managers. Sky News understands that a...

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Minimum Wage Rises As Rogue Firms Targeted

Employers who fail to pay the statutory minimum wage face being named and shamed from today as the latest increases come into effect. The adult rate has risen by 12p an hour to £6.31 and by 5p to £5.03 an hour for 18 to 20-year-olds. The minimum for...

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RBS Boss McEwan To Put Customers First

A New Zealander has taken on the toughest job in British banking today - chief executive of Royal Bank of Scotland (RBS). Ross McEwan steps up to the main role after running the retail banking side of RBS for a year. He replaces Stephen Hester who...

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Cyber Crime: Banks Ordered To Bolster Defences

The Bank of England is drawing up a "concrete plan" to help protect the UK's banking system from the mounting threat of cyber attack. The development emerged in minutes of last month's meeting of the Financial Policy Committee (FPC), which is charged...

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Boris Backs Jamie Oliver's Work Ethic Concerns

Boris Johnson has risked a fresh row by backing celebrity chef Jamie Oliver's claim that migrant workers work harder than Britons. The Mayor of London, speaking at the Tory Party conference, called for action to instil a work ethic in young British...

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GTA V: Rockstar Warns Of 'Online Problems'

Grand Theft Auto V fans looking forward to the multiplayer version of the game could end up experiencing glitches and connection problems. The UK developer of the hit game, Rockstar North, said "plenty of issues are bound to occur" and it was "working...

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Barclays Customer Service Chief Quits

By Mark Kleinman, City Editor Barclays is parting company with the executive responsible for improving service standards just weeks after a survey ranked it as the worst-performing bank in Britain. Sky News understands that Paul Maddox, managing...

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