Osborne's big worry - lack of wage growth

  • 8 February 2016
  • From the section Business
George Osborne Image copyright Reuters

Here's a starter for ten: What was Ed Balls' Fiscal Rule?

Any takers? No? At the back there, come on, you must have been paying attention.

Well, the then shadow chancellor announced it in 2014.

Labour, he said, would make a "binding fiscal commitment" to "balance the books, deliver a surplus on the current budget and get the national debt falling in the next Parliament".

Whether this was economically literate was not really the point - it was a political offer to the public with one central message: you can trust Labour with the public finances.

Read full article Osborne's big worry - lack of wage growth

Wage growth slows as low inflation bites

  • 4 February 2016
  • From the section Business
Mark Carney Image copyright Getty Images

The Bank of England has said that people's incomes are likely to rise less quickly as global economic turmoil affects the UK economy.

The Bank's Monetary Policy Committee also voted unanimously to keep interest rates at historic lows.

Read full article Wage growth slows as low inflation bites

Carney 'too aggressive' on interest rate rise threat

  • 4 February 2016
  • From the section Business
Media captionFidelity's Dominic Rossi says central banks 'too aggressive' on rates

The governor of the Bank of England has been "too aggressive" in suggesting interest rates may rise, one of world's leading authorities on the turmoil in global markets has told the BBC.

Dominic Rossi, global chief investment officer of equities at Fidelity, the world's second largest fund manager, said Mark Carney had confused markets.

Read full article Carney 'too aggressive' on interest rate rise threat

BP hit by tumbling world oil prices

  • 2 February 2016
  • From the section Business
North sea oil rig Image copyright PA

In the final three months of 2014, the cost of a barrel of Brent crude was $77. In the final three months of 2015, it was $44.

Today it is $34. That is the background to today's results from BP.

Read full article BP hit by tumbling world oil prices

James Murdoch takes over at Sky

  • 29 January 2016
  • From the section Business
Close up of James Murdoch's face from 2011 Image copyright Getty Images

James Murdoch is to become one of the most powerful figures in European television, becoming the chairman of Sky, Britain's subscription broadcaster.

The move comes four years after Mr Murdoch resigned as chairman of what was then known as BSkyB.

Read full article James Murdoch takes over at Sky

Osborne abandons Lloyds share sale

  • 28 January 2016
  • From the section Business
Lloyds logo Image copyright Getty Images

The Chancellor has postponed the sale of the Government's final stake in Lloyds Banking Group, saying the global turmoil in the markets and slowing growth had sparked the delay.

George Osborne told me that he would not give the go-ahead until the markets had calmed, saying that "now is not the right time".

Read full article Osborne abandons Lloyds share sale

Google tax deal - now it gets political

  • 23 January 2016
  • From the section Business
Google office Image copyright Reuters

So, we have had a morning of political reaction to Google's tax deal with Her Majesty's Revenue and Customs (HMRC), which the BBC led on last night.

The Conservatives are saying it is a "vindication" of their approach to call for multi-nationals to pay more tax in the UK.

Read full article Google tax deal - now it gets political

Google agrees £130m UK tax deal with HMRC

  • 23 January 2016
  • From the section Business
Media captionMatt Brittin, the head of Google Europe, says the search and advertising giant will pay tax on UK sales

Google has agreed to pay £130m in back taxes after an "open audit" of its accounts by the UK tax authorities.

The payment covers money owed since 2005 and follows a six year inquiry by Her Majesty's Revenue and Customs.

Read full article Google agrees £130m UK tax deal with HMRC

BP boss: Threat to investment if UK leaves EU

  • 20 January 2016
  • From the section Business
Media captionBob Dudley: "I think it's going to be a year of two halves"

Bob Dudley has said that investment in the UK energy sector could suffer if Britain were to leave the European Union.

The chief executive of BP said that being outside the EU would be "worse" as many of the rules would still apply and Britain would be in danger of losing influence on the world stage.

Read full article BP boss: Threat to investment if UK leaves EU

BP boss: Oil price will rise

  • 20 January 2016
  • From the section Business
Bob Dudley Image copyright Getty Images

The boss of BP has predicted that the oil price will rise in the second half of the year as demand increases from America and China and supply begins to ease as the US shuts down production.

As the oil price fell to new 12-year-lows today, Bob Dudley said it would be a year of two halves, with lots of volatility in the first six months when the oil price could still spike downwards.

Read full article BP boss: Oil price will rise