News

Elon Musk has raised the prospect of buying Ryanair in the latest escalation of a public war of words with the airline’s outspoken chief executive, Michael O’Leary. The exchange follows a disagreement over whether Europe’s largest low-cost carrier should install Musk’s Starlink satellite internet system across its fleet of more than 650 aircraft. O’Leary has repeatedly dismissed the idea, arguing that the required antennae and hardware would add unnecessary weight and drag, increasing fuel burn...

UK toy sales rose for the first time in five years last year, offering rare optimism for a sector that has struggled since the pandemic, but industry leaders are now watching closely for any fallout from potential social media bans aimed at under-16s. The value of UK toy sales increased by 6 per cent in 2025, according to data from Circana, marking the first year of value growth since 2020. The total market was valued...

More than 130 senior hotel and holiday park executives have written to the chancellor, Rachel Reeves, warning that Labour’s planned changes to business rates represent the most serious threat to the sector’s viability and must not be limited to pubs alone. In a letter coordinated by UKHospitality, industry leaders said the government’s proposed relief package for pubs risks leaving large parts of hospitality “hung out to dry”, despite facing similarly sharp increases in costs. Signatories...

Unemployment remained stuck at a near five-year high in the run-up to Rachel Reeves’s November Budget, while wage growth continued to ease, reinforcing expectations that interest rate cuts are edging closer. Figures published on Tuesday by the Office for National Statistics showed the UK unemployment rate holding steady at 5.1 per cent in the three months to November. That is the highest level since early 2021 and broadly in line with economists’ forecasts. Joblessness has...

MPs have thrown their weight behind calls for greater Government support for British businesses developing alternatives to plastic packaging, as Parliament steps up its focus on tackling the global plastics crisis. At a Westminster briefing hosted by the Natural Polymers Group, parliamentarians heard how UK-led innovation in nature-based materials could form a £4.2 billion industry and create more than 35,000 high-skilled green jobs across the country. More than a dozen MPs, peers and civil servants...

The resumption of the Sky Train trial this week signalled a significant development in the proceedings, particularly as the court entered a phase that is often crucial in complex financial cases. A turning point was marked by the court’s decision to admit key email correspondence into evidence, despite the prosecution’s unexpected objections. This shift underscored the importance of documentary records and highlighted the vital role that contemporaneous materials play in evaluating institutional decision-making in large-scale...