Business

Ed Miliband is masterminding a "gargantuan confidence trick" that risks burdening British families with hidden "shadow debt" to fund Labour's Net Zero agenda, it has been claimed. And financial analyst Bob Lyddon fears the move will inflate household bills for decades while dodging official debt metrics.According to Mr Lyddon, founder of Lyddon Consulting Services, Labour’s plans, detailed in the November 2025 Budget papers, are set to "falsify the national accounts" by obscuring the true cost of infrastructure, industry, and clean energy projects. The Government intends to fund these initiatives with a mountain of new debt that will not appear in conventional measures such as General Government Gross Debt, Public Sector Net Debt, or Public Sector Net Financial Liabilities.Mr Lyddon war...

Netflix co-CEO Ted Sarandos responds to criticisms over the streaming service’s proposed acquisition of Warner Bros. Discovery on ‘The Claman Countdown.’ Netflix co-CEO Ted Sarandos accused legendary director James Cameron of believing misinformation after Cameron criticized Netflix’s potential acquisition of Warner Bros. Discovery (WBD). "I'm particularly surprised and disappointed that James chose to be part of the Paramount disinformation campaign that's been going on for months about this deal," Sarandos said on "The Claman Countdown" Friday.Netflix announced its proposed acquisition of WBD, including HBO and HBO Max, in December. Days later, Paramount Skydance submitted a counter-all-cash offer. Recently, Netflix has received an outpouring of criticism from some members of the...

Workers in the UK have been reminded of a major tax change coming into effect soon. HM Revenue and Customs (HMRC) advised that self-employed people will have to use a new system come April.The change applies to self-employed people and landlords if they make more than £50,000 a year. It means they will have to submit online updates every three months rather than doing it all during tax return time.In a post made to social media platform X, HMRC said: “With Making Tax Digital, you’ll send simple quarterly summaries using recognised software, then one annual return that pulls in the info you’ve shared across the year.“If your combined turnover from self-employment and property is over £50,000, flip your routine to little-and-often now.” It then directed people to GOV.UK for more informati...

Check out what's clicking on FoxBusiness.com. United Airlines is shaking up its MileagePlus rewards program in a move that benefits credit card holders and leaves other travelers earning fewer miles. The Chicago-based carrier announced Thursday that starting April 2, travelers with United’s co-branded credit or debit cards will earn significantly more miles when they book flights. Meanwhile, customers without a United card will have a lower accrual rate.Under the new structure, cardholders can earn up to twice as many miles per dollar spent on United flights compared to non-cardholders. For United’s most frequent flyers – like top-tier 1K members who also use a United Club card – rewards can go as high as 17 miles per dollar on eligible flights. UNITED AIRLINES TO OFFER REFUNDS BEC...

Nationwide Building Society has issued a statement about changes to its online services available to customers. The savings provider has millions of members and more than 600 branches.The group recently committed to keeping open all its high street outlets until at least 2030. Of course, many members prefer to do their banking online, either through online banking or in the Nationwide app. More than six million customers use the app to view their accounts and do their banking.A customer contacted Nationwide over social media as they couldn't access a service online. The frustrated member said: "I've just switched to Nationwide. How do I turn on transaction notifications? I’ve tried everything."Nationwide said in response: "This is a feature that our team are actively working on at the m...

The new rule would require all commercial driver's license (CDL) exams to be administered in English. (Credit: Pool) Transportation Secretary Sean Duffy on Friday announced sweeping changes to commercial trucking regulations, including a new requirement that all commercial driver’s license (CDL) exams be administered exclusively in English. Speaking at the Department of Transportation (DOT) headquarters in Washington, D.C., Duffy and Federal Motor Carrier Safety Administrator Derek Barrs said the move is aimed at strengthening oversight and ensuring drivers can read road signs and communicate with law enforcement."What we're doing is implementing a rule that will say there's one language in which you can take your test — It's English only," Duffy said. "You take the test in English...

White House senior counselor Peter Navarro discusses Trumps Goldilocks economy, citing low inflation, rising wages and job growth. He also addresses the Supreme Courts tariff decision, the White House strategy for AIs impact on jobs and more. The Federal Reserve's preferred inflation gauge remained elevated in December as price pressures continued to pose a challenge for consumers. The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.4% in December on a monthly basis and is up 2.9% from a year ago. Those figures were both slightly hotter than the estimate of LSEG economists, who predicted 0.3% and 2.8%, respectively.Core PCE, which excludes volatile measurements of food and energy prices, was up 0.4% on a monthly basis and rose 3%...

Check out what's clicking on FoxBusiness.com. Nissan is recalling more than 640,000 vehicles as part of two separate recalls related to engine and gear issues, the National Highway Transportation Safety Administration said. The Japanese automaker is recalling 323,917 model year 2023-2025 Nissan Rogue SUVs due to possible bearing failure that could allow hot oil to be discharged and increase the risk of an engine fire and loss of drive power, the recall report said.The affected vehicles are equipped with a three-cylinder, 1.5-liter (KR15DDT) variable compression (VC Turbo) engine, the NHTSA said. NISSAN RECALLING OVER 26,000 VEHICLES DUE TO DOOR ISSUE THAT COULD INCREASE RISK OF CRASH A model year 2025 Nissan Rogue drives along a dirt road. (Nissan Motor Co.)Nissan dealers have...

Empower Chief Investment Strategist Marta Norton discusses the SCOTUS decision to strike down President Donald Trump's tariffs on ‘The Claman Countdown.’ The Supreme Court ruling that struck down the Trump administration's tariffs imposed under an economic emergency declaration could open the door to billions of dollars in tariff refunds for businesses, though the ruling didn't specify a process for handling those refunds. The Supreme Court ruled that President Donald Trump's tariffs enacted under the International Economic Emergency Powers Act (IEEPA) were illegal because the underlying law doesn't authorize the president to impose tariffs.Striking down the tariffs sends the issue back to the lower courts, which could weigh in on the refund process. However, businesses are already...

FOX Business' Darren Botelho joins 'Mornings with Maria' to discuss the planned reopening of Three Mile Island and why nuclear power is leading America’s energy comeback. Three Mile Island is preparing for a return to service, underscoring how America's fast-growing digital economy is reshaping the nation's energy priorities. FOX Business' Darren Botelho joined Maria Bartiromo on "Mornings with Maria" to report on the planned restart of Three Mile Island and what it signals for America's energy future. 'The Faulkner Focus' anchor Harris Faulkner sheds light on what she learned during her tour of Three Mile Island — now renamed the Crane Clean Energy Center on 'Varney & Co.' Constellation Energy's agreement with Microsoft to purchase power from the Pennsylvania facility marks ...