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Investment firm M&G launches voluntary redundancy programme to slash costs as profits slump M&G said the redundancies should help it cut costs by 10% It saw investors withdraw £7.5bn from its fund management arm last year That has helped send the firm’s profits tumbling 29 per cent to £1.15bn This is its first full set of … Read more
Chancellor urged to slash taxes to save airlines: 2,400 jobs go in Flybe collapse as industry faces £86 billion bill By James Salmon for the Daily Mail Published: 21:59 GMT, 5 March 2020 | Updated: 22:12 GMT, 5 March 2020 Airlines have pleaded with the Chancellor of the Exchequer to slash air passenger duty (APD) … Read more
The coronavirus crisis has brought about bleak times for travellers, with flights to many popular destinations restricted or cancelled. But the good news is that with airlines struggling to fill cabins, flight prices are plummeting. And package holiday prices are falling, too. TravelSupermarket has been analysing customer searches and package holiday prices and reports significant … Read more
The coronavirus crisis has brought about bleak times for travellers, with flights to many popular destinations restricted or cancelled. But the good news is that with airlines struggling to fill cabins, flight prices are plummeting. And package holiday prices are falling, too. TravelSupermarket has been analysing customer searches and package holiday prices and reports significant … Read more
Wizz Air unveils plans to slash routes, cut costs and freeze recruitment as becomes latest airline to see bookings plunge amid coronavirus fears Airline said it will reduce flights from March 11 to countries affected by the virus It said a task force has been set up to ‘address financial implications of Covid-19’ The measures … Read more
Furious MPs today demand new chancellor Rishi Sunak axe an EU-imposed tax that has added almost £2,000 to the cost of a new motorhome and hand a post-Brexit boost to British businesses. Under a green Brussels regulation change last September the vehicle excise duty for new campervans rocked from £265 in the first year to £2,135, … Read more
Nurses will be trained to perform surgical procedures under a radical NHS drive to slash waiting times. They will be urged to take a two-year course to become ‘surgical care practitioners’ and help ease the workload of under-pressure surgeons. But critics say the plan is a ‘sticking plaster solution’ to a ‘very serious staffing crisis’, and … Read more
Chancellor Rishi Sunak ‘SCRAPS plan to slash pension tax relief in next month’s Budget’ after backlash from Tory MPs The proposal to cut pension tax relief from 40 to 20 per cent had been mooted MPs have signalled they will not swallow such swingeing pension tax relief cuts David Davis branded the proposals an ‘economic … Read more
Making just TWO PER CENT of flights travel 2,000ft higher or lower than normal cruising altitude could slash the climate impact of aeroplane contrails by almost 60 per cent Majority of troublesome plane-induced clouds are caused by just 2.2%of flights These are formed when contrails merge and spread into cirrus natural clouds Making 1.7% of … Read more
A British company headed by former Made in Chelsea heartthrob Richard Dinan has built a rocket engine that it claims could halve the journey time between Earth and Mars. In a landmark test, the miniature prototype engine, built by Pulsar Fusion, shot the propellant gas argon through a 12-inch wide nozzle at a top speed of … Read more