Lufthansa cuts 20,000 summer flights as fuel prices surge

In total, the Bank reckons two out of five residential borrowers, close to four million, will face a similar situation in the next few years, with an average 8% rise in repayment costs. (Although it also points out one in three are likely to see lower repayments during this time).

UK government borrowing in September hit the highest level for the month in five years, official figures show, highlighting the challenges facing the chancellor ahead of next month’s Budget. Borrowing – the difference between public spending and tax income – was £20.2bn in September, up £1.6bn from the same month last year, the Office for…

Since Truth API was announced, some have raised the potential for insider trading to occur. The practice, which is illegal, involves people making market trades or bets based on information that is not available to the general public. Richard Painter, former chief ethics lawyer to President George W Bush, told the BBC even if Trump…

Housebuilders have warned the government’s budget watchdog that ministers’ target of building 1.5 million homes in England by the end of the decade is too optimistic. The Home Builders Federation (HBF) has written to the Office for Budget Responsibility (OBR) to say that unless the government does something to boost affordability for first time buyers…