BAA has today reported a fall in passenger numbers at its six British airports, due to seven days of strikes by British Airways (BA) cabin crew. BAA said passenger traffic fell 1.5% year-on-year in March and lost a total of 200,000 passengers at its UK airports because of the industrial action. Heathrow airport saw 180,000 [...]
British Airways (BA) cabin crew members are on their third and final day of strikes this week but there are still no signs of a resolution between the airline and unions. Last month, BA‘s 12,000 cabin crew members voted to take industrial action over cost-cutting measures, which include a pay freeze and a switch to [...]
Talks aimed at averting industrial action at British Airways (BA) collapsed earlier this week and, as a result, Unit has today announced BA cabin crew members will strike for three days from March 20 and for four days from March 27. Last month, BA‘s 12,000 cabin crew members voted to take industrial action over cost-cutting [...]
Fears of travel chaos could emerge later as the results of a ballot is set to be announced. A second strike ballot for British Airways (BA) 12,000 cabin crew members is to close today after they vowed to take industrial action over cost-cutting measures, which include a pay freeze and a switch to part-time working [...]
British Airways (BA) has today reported a £50 million loss in the three months to December 31 2009, compared with the £122 million it lost in the same period a year earlier. However, the loss was much less than analysts’ predictions for a £151 million loss. Meanwhile, the airline posted a surprise £25 million operating [...]
The Unite union is in the High Court this week to resolve whether there should be a permanent injunction preventing British Airways (BA) from imposing cost-cutting measures. Unite previously applied for a High Court injunction to block BA’s plans, but it was unsuccessful . The airline wants 75% of its crew to accept a pay [...]
British Airways (BA) cabin crew have ruled out industrial strike action for the Easter holidays. The announcement will be a relief for the 2.5 million people that fly abroad during the Easter period. Earlier this week, the Unite union said BA cabin crew were to begin a second strike ballot next week raising renewed fears [...]
According to the Unite union, British Airways (BA) cabin crew will begin a second strike ballot next week raising renewed fears for travellers. The announcement comes after a strike planned for Christmas was declared illegal in a High Court ruling. However, at the time of the ruling, Unite vowed to hold a fresh ballot if [...]
The 12-day strike planned by British Airways (BA) cabin crew over Christmas has been averted after it was declared illegal in a High Court ruling. The ruling will be welcomed by thousands of passengers who were planning to fly over the festive period. Mrs Justice Laura Cox ruled that the cabin crew’s union, Unite, had [...]
British Airways (BA) cabin crew are set to cast their vote on whether strike action will take place. The Unite trade union is predicting that 14,000 air stewards and stewardesses will vote in favour of strike action over the Christmas period in a dispute over cost-cutting measures. The measures include a two-year pay freeze for [...]
There is more turmoil for the airline industry today after British Airways (BA) continues to slash costs by wielding the axe on 1,700 cabin crew members and a two-year pay freeze. The airline admitted during the summer it was fighting to survive and has since been looking at ways to cut costs. BA, like many [...]
It has been reported that British Airways (BA) is offering voluntary redundancy to 2,000 flight attendants. Its 14,000 cabin crew members have been told that the equivalent of 2,000 jobs must go through voluntary redundancy and if this is not achieved, the losses could become compulsory. BA’s chief executive, Willie Walsh, said the industry is [...]
Phone fraudsters stealing bank card pins
Fraudsters using a phone scam to trick bank card holders into revealing their pin numbers stole £750,000 in the first four months of this year. This is the same amount stolen through this scam in the whole of last year. The fraudster telephones a bank customer, often someone elderly or vulnerable, telling them that their [...]
FSA rules out ban on interest-only mortgages
Speculation that the Financial Services Authority would ban interest-only mortgages as part of its Mortgage Market Review has proved to be unfounded. However, lenders will be required to monitor the performance of the investment product taken out by the customer to repay the mortgage at the end of its term. Investments are performing poorly because [...]
Bank of England may end free in-credit banking
A director of the Bank of England has warned that official intervention could be considered to end the ‘dangerous myth of free in-credit banking’. Andrew Bailey has already spoken out against free banking in relation to the mis-selling of financial products. In a speech made available to media, he reiterated his concern, saying that it [...]
Bank of England votes against more economic stimulus
The Bank of England voted against a further round of quantitative easing, at its latest Monetary Policy Committee (MPC) meeting. Just one member, David Miles, voted for further asset purchase to encourage growth in the UK economy, while the other eight members voted to keep the Bank’s quantitative easing programme steady at £325bn. The minutes [...]
Catalogue debt growing says helpline
Calls from people concerned about their debts with mail order catalogues accounted for more than 12 per cent of all calls received by National Debtline last year, compared with just 8 per cent in 2007. More people were concerned about catalogue debt than about payday loans, mortgage or rent, according to the Money Advice Trust [...]
Homeserve faces mis-selling investigation
HomeServe, which provides emergency insurance cover and domestic repairs to households in the UK, is to be investigated by the Financial Services Authority (FSA). Issues over the possible mis-selling of household emergency policies were uncovered last October during an internal review at the Walsall-based company. Homeserve’s call centre staff were found to be selling ‘Complete [...]
OFT warns Wonga over debt collection methods
Payday loan company Wonga used aggressive and misleading methods to collect debts from customers, the Office of Fair Trading (OFT) has found. Wonga sent letter and emails to certain customers suggesting they had committed fraud and threatening to report them to the police if they did not act in the way Wonga suggested. The company [...]
NS&I re-launches investment account
National Savings & Investments (NS&I) has re-launched its Investment Account at a higher interest rate than it previously offered. The account now offers 0.75 per cent before tax, compared with between 0.2 and 0.3 per cent previously, depending on the account balance. Deposits and withdrawals on the account can no longer be made at Post [...]
Rightmove reports property downsizing trend
Two in five property owners planning to sell in the next year are planning to ‘trade down’, compared with one in four who plan to ‘trade up’. A survey by property website Rightmove found that moving to a smaller home is the main reason for moving in nine out of the ten regions in the [...]
More people failing to save for retirement
The proportion of people with no pension savings has grown from 20 per cent to 22 per cent over the past year, according to Scottish Widows’ latest survey. The pension provider surveyed 5,200 adults in the UK, aged 30 or over, and earning at least £10,000 a year, for its annual review of pensions. Ian [...]
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