British Airways owner records biggest loss in its history of £6BILLION

British Airways owner IAG today announced the biggest annual loss in its history as the Covid pandemic closed borders and grounded its aircraft.  The airline group, which also owns Iberia, Vueling and Aer Lingus, announced a post-tax loss of £6billion in 2020, the worst since its formation 10 years ago. This compares with a profit of … Read more

British Airways owner records biggest loss in its history of £6BILLION

British Airways owner IAG today announced the biggest annual loss in its history as the Covid pandemic closed borders and grounded its aircraft.  The airline group, which also owns Iberia, Vueling and Aer Lingus, announced a post-tax loss of £6billion in 2020, the worst since its formation 10 years ago. This compares with a profit of … Read more

Rishi Sunak ‘is plotting £6billion stealth tax raid’

Rishi Sunak ‘is plotting £6billion stealth tax raid by freezing personal allowances in next month’s Budget’ Chancellor may abandon rises to £12,500 and £50,000 income tax thresholds This could see millions of Britons paying higher tax rate on more of their income  Treasury insider working on March 3 Budget described move as ‘quite logical’  By … Read more

Rishi Sunak ‘is plotting £6billion stealth tax raid’

Rishi Sunak ‘is plotting £6billion stealth tax raid by freezing personal allowances in next month’s Budget’ Chancellor may abandon rises to £12,500 and £50,000 income tax thresholds This could see millions of Britons paying higher tax rate on more of their income  Treasury insider working on March 3 Budget described move as ‘quite logical’  By … Read more

£6BILLION Black Friday spending spree

£6BILLION Black Friday spending spree: Britons will splurge £400m more than in 2019 but average spend will increase as less shoppers splash out due to Covid pandemic, says survey Research suggests the average shopper will spend £296, up from £251 in 2019 Total estimated spend of £6billion marks an increase of £400million on last year However, the number of … Read more