UK

UK government borrowing costs have hit a 20-year high after the Bank of England confirmed its emergency bond-buying programme will end on Friday as planned. On Wednesday morning, it said all temporary and targeted purchases of UK government bonds, known as gilts, would stop. This has been the position throughout and has been “made absolutely

The coronation of King Charles III will take place on Saturday 6 May with a bank holiday on Monday 8 May. Like his mother, the King will be crowned at Westminster Abbey, in the presence of faith leaders, peers, MPs, and foreign heads of state. Here Sky News looks at what we can expect from

A hospital nurse accused of murdering seven babies was interrupted by one of her victim’s mothers as she was fatally attacking her newborn son, prosecutors say. Lucy Letby allegedly killed Child E by an injection of air into the bloodstream while working at the neo-natal unit at the Countess of Chester Hospital, Manchester Crown Court

The Bank of England’s governor has ruled out extending its bond-buying support for pension funds beyond Friday’s deadline, prompting a dramatic fall in the value of the pound. Andrew Bailey told an event in Washington that funds had “three days left… to get this done” after a series of interventions to support the “dysfunctional” market

The government’s mini-budget has left it facing such a large black hole in the public finances that the most credible way of filling it is severe spending cuts similar to the kinds imposed during the austerity years a decade ago, according to an authoritative new report. The “Green Budget”, from the Institute for Fiscal Studies

The mother of murdered student Libby Squire has revealed that the “sexual predator” who raped and killed the 21-year-old has agreed to meet her.  Lisa Squire told Sky News she is determined to find out what exactly happened to her daughter after she was abducted by Pawel Relowicz – and hopes to get answers by

Mortgages continued to become more expensive despite the number of products on the market gradually increasing. The average mortgage interest rate on a two-year fixed term mortgage is now 6.3%, according to data compiled by financial information company Moneyfacts. A similar rise has taken place in the average five year fixed term mortgage, which has

Police are urgently hunting the man who threw acid over television presenter Katie Piper after he was recalled to jail for breaching his licence conditions. Stefan Sylvestre, from Shepherd’s Bush, west London, was given a life sentence in 2009 for the attack and was told he must serve a minimum of six years before he

Power blackouts this winter are “extremely unlikely” this winter, Cabinet Office Minister Nadhim Zahawi has told Sky News. The Tory frontbencher also insisted there was no need for the government to spend £14m on an energy-saving public information campaign, given the advice already available. Mr Zahawi’s comments come amid concerns of power cuts with the

On the seat there was a sign. HRH Prince of Wales. Prince William, not his father, is now taking that place, but in his first speech as next in line to the throne there were distinct similarities with what we saw from the former heir. William reaffirming his dedication to an environmental cause, this time

Serial killer Peter Tobin has died after falling ill in prison where he was serving three life sentences. He was taken from HMP Edinburgh to hospital, thought to be the Royal Infirmary of Edinburgh, on Wednesday and subsequently died, sources said. He was serving a life sentence for raping and murdering Polish student Angelika Kluk,

Rail passengers are in for more travel chaos as only around one in five trains are set to run today due to another strike. More than 40,000 members of the Rail, Maritime and Transport (RMT) union at Network Rail and 15 train operating companies are staging a walkout over jobs, pay and conditions. Around half

A man with a knife has been shot dead by armed officers after being spotted in the car park of a police station in Derby. Police have said the identity of the man remains unknown following the shooting at 10.03am this morning. He was shot in the car park of a police station off Ascot

The country has been put on notice that the chances of gas shortages this winter have risen markedly, prompting a contingency plan to prioritise heating. National Grid’s Electricity System Operator (ESO) warned that planned three-hour power blackouts could be imposed in some areas, in the “unlikely” event supplies of gas fall short of demand. It

The country has been put on notice that the chances of gas shortages this winter have risen markedly, prompting a contingency plan to prioritise heating. National Grid’s Electricity System Operator (ESO) warned that planned three-hour power blackouts could be imposed in some areas, in the “unlikely” event supplies of gas fall short of demand. It

The National Grid’s electricity system operator and gas system operator will release one of their regular winter outlook reports later. They are designed to set out supply and demand scenarios as the weather gets colder and energy consumption tends to peak. Amid an energy security and price crisis, this year’s outlook report has taken on

Three British rockets streaked into the sky towards Russian forces under attack in a key frontline town in eastern Ukraine. The target was a mobile Russian command post. A Ukrainian artillery officer said it would have been hit because his soldiers never miss. Sky News is the first to be granted permission to film a

Liz Truss will wrap up the Conservative Party conference by defending her approach and pledging a “new Britain for the new era” – after a week of U-turns and infighting. In her first conference speech as prime minister, Ms Truss will on Wednesday reiterate Chancellor Kwasi Kwarteng’s plan to boost growth. And just a day

Liz Truss says she had “absolutely no shame” in performing a dramatic U-turn on the government’s plan to scrap the 45p higher rate of tax. The prime minister told Sky News’ political editor Beth Rigby she “took the decision very rapidly” to axe the policy, which was “becoming a distraction” from the rest of the

The chancellor has admitted it has been a tough day after he was forced to U-turn on cutting income tax for the rich. Kwasi Kwarteng began his keynote speech at the Conservative Party conference by saying: “What a day, it has been tough but we need to focus on the job in hand.” Just hours