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Jeremy Hunt backs interest rate hikes even if they cause recession; UK retail sales rise faster than expected – business live

Chancellor says “only path to sustainable growth” is to bring down high prices behind cost of living crisis, as mortgage rates climb

  • UK homeowners and first-time buyers warned to brace for 5%-plus mortgage rates

The half-term holiday plans for thousands of families have been thrown into disarray after British Airways cancelled at least 42 more flights today, due to the impact of an IT failure.

Most of the affected flights were on short haul routes to and from Heathrow Airport on what was expected to be the busiest day for UK air travel since before the coronavirus pandemic.

While the vast majority of our flights continue to operate today, we have cancelled some of our short-haul flights from Heathrow due to the knock-on effect of a technical issue that we experienced yesterday.

We’ve apologised to customers whose flights have been affected and offered them the option to rebook to an alternative flight with us or another carrier or request a refund.

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