Will Wizz Air’s flight subscription take the brand to new heights? August 22, 2024 Wizz Air recently announced an “all you can fly” offer for £534 per year. It’s a splashy move, and it’s provoked some scepticism among industry analysts. But will it prove a hit with air travellers? Data from YouGov Surveys shows that just over a third of Britons who have travelled by air (36 per cent) [...]
August bank holiday weekend: UK set for £3bn boost as 11m Brits plan mini-break August 21, 2024 Brits will be packing up their cars and going for short breaks during the bank holiday weekend, with the UK economy set for a £3.1bn boost. Fresh figures from Visitengland said the August bank holiday weekend will mean 11m Britons planning an overnight trip somewhere in the country, bringing in billions of pounds to the [...]
Growth, inheritance tax and Natwest: Five subplots from the latest borrowing figures August 21, 2024 New figures show that the government borrowed more than expected in July as spending on public services increased faster than tax receipts.
Social rent increases may not ‘move dial’ on housebuilding, Rachel Reeves warned August 21, 2024 Rachel Reeves’ plans to increase social rent may not “move the dial in a material way” on council housebuilding, a corporate finance firm is warning. The Chancellor will reportedly up social rent by bringing in a decade-long formula to raise housing costs in England boosted by the CPI inflation measure – currently 2.2 per cent [...]
Public wary of tax rises as economists warn on ‘disappointing’ fiscal progress August 21, 2024 Although the public are opposed to tax rises in general, there are a couple of taxes which could go up with popular support. Perhaps unsurprisingly, these are taxes which most people do not pay.
Valentino: Clothes swap campaign leads to UK sales success for luxury brand August 21, 2024 A campaign by global luxury fashion brand Valentino for shoppers to trade in their clothes in exchange for vouchers helped sales jump at its UK arm during 2023, it has been revealed. Valentino’s UK arm has reported a turnover of £38.9m for the year, up from £34.3m, according to newly-filed accounts with Companies House. The [...]
Rachel Reeves facing ‘tough choices’ after latest UK borrowing figures August 21, 2024 Already this financial year the government has borrowed £4.7bn more than predicted by the Office for Budget Responsibility (OBR) back in March.
Government borrowing exceeds estimates as public sector spending jumps August 21, 2024 Monthly borrowing figures will be closely watched over the coming months for clues about how much Labour will raise taxes in October's Budget.
Why is Wizz Air training pilots using virtual reality? We went to Budapest to find out August 20, 2024 Join City A.M. in Budapest, Hungary, as we visit Wizz Air's pilot training centre. The budget carrier is using Airbus-developed virtual reality to train new pilots.
The Gleneagles Hotel owner significantly cuts loss after ‘strong year’ for Ryder Cup host August 20, 2024 The company behind The Gleneagles Hotel in Scotland significantly cut its pre-tax loss during its latest financial year, it has been revealed. The business, which also includes the likes of Maison Estelle and Gleneagles Townhouse, has reported a pre-tax loss of £3.7m for the 12 months to March 31, 2024, according to newly-filed accounts with [...]