Business

UK government borrowing at 11-year low

Image copyright Getty Images Government borrowing in the April-to-June period fell to its lowest level since 2007, official figures show. Borrowing for the financial year so far has reached £16.8bn, £5.4bn less than in the same period in 2017, the Office for National Statistics said. June’s borrowing figure fell to £5.4bn, which was down from […]

Business

Comcast likely to be new owner of Sky

Image copyright Getty Images Image caption Rupert Murdoch had been trying to take full control of Sky Comcast is likely to be the new owner of Sky, BBC Business Editor Simon Jack has learned. It means that Rupert Murdoch’s 21st Century Fox has failed in its bid to take full control of Sky. Instead, Disney […]

Business

US fires next shot in China trade war

Image copyright Getty Images Image caption Neither the US nor China appear willing to back down The US has ramped up its trade war with China, listing $200bn (£150bn) worth of additional products it plans to place tariffs on as soon as September. The move comes just days after the two countries imposed tit-for-tat tariffs […]

Business

WPP threatens to strip Sorrell of share awards worth £20m

Image copyright Getty Images Image caption Sir Martin Sorrell WPP has threatened to take away share awards worth millions from its former chief executive Sir Martin Sorrell over his rival bid for digital production company MediaMonks. The BBC understands the share awards are potentially worth about £20m. Dutch firm Mediamonks is facing takeover bids from […]

Business

WTO boss: Protectionism 'will hit global economy'

The world economy will either contract or slow down due to protectionist trade policies, the director general of the WTO says. Roberto Azevedo also tells BBC economics editor Kamal Ahmed that Donald Trump’s rise was a result of structural tensions in the global economy. Mr Azevedo says those tensions are at the root of moves […]

Business

CO2 plant hit by power outage as sister site restarts

Image copyright Getty Images Firms waiting for supplies of CO2 have been dealt a blow after one of the UK’s main plants suffered a power outage. CO2 distributor Air Liquide has warned that its gas situation had “worsened significantly” because of a “sudden and unexpected” loss of power affecting its site at Ince, Chester, on […]

Business

World Cup economic boost could be worth £2.6bn

Image copyright PA Image caption England fans doing their bit for the economy The economy could receive a £2.6bn spending boost if England make it to the World Cup final, research suggests. And every time an England footballer scores a goal, an extra £200m may be spent in the country’s shops and pubs. Work done […]

Business

Bank of Mum and Dad: Are poorer parents more generous?

Image copyright Getty Images When it comes to topping up university maintenance loans, poorer parents may be more generous than wealthier ones. According to the National Student Money Survey, less well-off families contribute more than expected, while richer ones give less. Households with incomes of less than £25,000 are not expected to make extra payments […]