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HS2 redundancy pay ‘shocking waste’ of taxpayer cash

Image copyright Other Image caption A computer generated image of an HS2 train on the Birmingham and Fazeley viaduct Unauthorised redundancy payments made by the state-owned company managing the HS2 rail project were a “shocking waste of taxpayers’ money”, MPs have said. The Public Accounts Committee said the firm overseeing construction of a high-speed rail […]

Ryanair moves towards recognising pilot unions

Image copyright EPA Ryanair has said it is prepared to recognise pilot unions as it seeks to avoid strike disruption over the Christmas period. Earlier this week, 79 Dublin-based Ryanair pilots had said they would strike for one day on 20 December. The airline was also facing action by pilots in Italy, Germany and Portugal. […]

Sky and BT sign deal to share each others channels

Image copyright PA Image caption The rising cost of sports rights is behind the agreement, analysts say Sky and BT have have signed a deal to sell their channels on each other’s platforms. Under the deal, BT will now supply its sports channels – which show UEFA Champions League and Premier League football – to […]

Minimum price ‘would increase cost of 70% of alcohol’

Image copyright Science Photo Library Introducing a minimum price per unit of alcohol would push up the cost to consumers of most alcohol, not just the cheapest strong drinks, according to researchers. The Institute for Fiscal Studies (IFS) said a floor of 50p per unit would raise the cost of 70% of alcohol bought in […]

Families ‘struggle’ without washing machines

Image copyright Getty Images Some households face an “intolerable struggle” as they are living without basic household appliances, a charity has said. Some did not have the money to buy or replace washing machines, cookers and fridges, the Turn2Us charity said. Others rely on high-cost credit, such as hire purchase, to have these appliances in […]

Walt Disney buys Murdoch’s Fox for $52bn

Media captionAndrew Neil tells us five things the $52.4bn (£39bn) tie-up could mean. Walt Disney has agreed to buy the bulk of 21st Century Fox’s business for $52.4bn (£39bn), in a deal both companies said position them to compete in the rapidly changing media industry. The purchase includes Fox’s film and television studios, as well […]

Bank sees boost from Brexit progress

Image copyright Reuters The Bank of England says confidence among households and businesses is likely to be supported by last week’s progress in Brexit talks. Last week the European Union agreed that sufficient progress had been made in Brexit negotiations to allow progress to the next stage and to put in place a transition period […]

Four Seasons Health Care gains breathing space

Image copyright Getty Images Care home company Four Seasons Health Care has won a reprieve on a major debt repayment which threatened the future of the firm. The group, which looks after 17,000 elderly and vulnerable residents, had been due to make an interest payment of £26m by Friday. However, Four Seasons has only £24.8m […]

Debate over property tax ‘welcome’

Image copyright PA The abolition of stamp duty for many first-time buyers should spark a wider debate over the taxation of property, surveyors say. New buyers purchasing a home of up to £300,000 no longer have to pay stamp duty owing to changes made in last month’s Budget. The Royal Institution of Chartered Surveyors (RICS) […]

US Federal Reserve raises interest rates again

Image copyright AFP/Getty Image caption Federal Reserve Chairman Janet Yellen has raised interest rates three times this year The US Federal Reserve has agreed to raise interest rates by 0.25%, the third rate rise in 2017. Policymakers at the US central bank say the move, which was widely expected, underscores “solid” gains in the US […]

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