Latest news with #AndyBruce
The Star
2 days ago
- The Star
London Southend Airport closed, all flights cancelled after small plane crash
A plume of black smoke rises from an area near the runway after a small plane crash, as seen from inside a building at London Southend Airport, in Southend, Britain, July 13, 2025, in this screen grab obtained from a social media video. @agussromagnoli via X/via REUTERS MANCHESTER, England (Reuters) -London Southend Airport in Essex said that it has closed operations until further notice after the police said a small plane crashed at the airport on England's south-east coast on Sunday. All flights to and from the airport have been cancelled while police, emergency services and air accident investigators are attending the incident, London Southend Airport said in a post on X. "We remain on the scene of a serious incident at Southend Airport," the local Essex police said, adding that they were alerted just before 4 p.m. to reports of a collision involving a 12-metre (39.4-foot) plane. It was unclear how many people were on the plane. Images from British newspaper websites, not verified by Reuters, showed a fireball rising into the air above Southend Airport, around 35 miles (56 km) east of London. The East of England Ambulance Service said it had sent four ambulances and other response vehicles. The airport's website showed five international flights had been cancelled following the accident. (Reporting by Andy Bruce and Disha Mishra; Editing by Andrew Cawthorne and Sandra Maler)
USA Today
3 days ago
- USA Today
Small plane crashes at London-area airport
A small plane has crashed at London Southend Airport on England's south east coast, police said on Sunday. "We remain on the scene of a serious incident at Southend Airport," the local Essex Police said, adding that they were alerted just before 4 p.m. to reports of a collision involving a 39-foot plane. It was unclear how many people were on the plane. Images from British newspaper websites, not verified by Reuters, showed a fireball rising into the air above Southend Airport, around 35 miles east of London. The East of England Ambulance Service said it had sent four ambulances and other response vehicles. The airport's website showed five international flights had been cancelled following the accident. (Reporting by Andy Bruce; Editing by Andrew Cawthorne)
Yahoo
6 days ago
- Business
- Yahoo
UK faced more producer inflation than thought, corrected official data shows
By Andy Bruce MANCHESTER, England (Reuters) -Britain suffered higher rates of industrial producer price inflation than previously assumed, according to new indicative figures from the Office for National Statistics that aim to correct problems with the data. The ONS is in the process of fixing problems with a wide range of economic data including unemployment figures as well as the producer prices figures. Last month an official review called for a major restructuring of the organisation's management. Producer price data measure how input costs and selling prices of manufacturing and services companies change. The figures are used in gross domestic product data to adjust for different rates of inflation in different industries, and in some trade data too. The ONS suspended the publication of producer price data in March after finding an error in how 'chain-linking' methods had been coded into its data production systems and said on Thursday that it expected to resume normal publication in October. Thursday's figures represent work so far in correcting the data and show big upward revisions for annual input and output inflation rates for factories in 2023. They were pushed higher by average of 1.0 and 1.1 percentage points, respectively. Whereas the uncorrected data suggested that Britain flirted with deflation for factory output prices in the second half of 2023, the new series show prices rising at an annual rate of around 1%. The most recent previously published annual rate of producer output price inflation, for January 2025, was revised up to 0.6% from 0.3% and the ONS estimated that April's reading on the corrected methodology was 0.5%. "Further corrections are mostly expected to be small in magnitude," the ONS said. Annual factory input and output inflation rates peaked in 2022 at slightly higher levels than previously thought when Britain was hit by an energy price shock caused by Russia's full-scale invasion of Ukraine. Revisions to producer input price inflation showed a similar pattern to those for output price inflation. The new data show annual input price inflation stood at 0.6% in January 2025, compared with a previous estimate of -0.1%. April 2025 figures showed a 1.1% annual fall in manufacturers' input costs. The new series for the services sector producer prices showed a more nuanced picture. The ONS had overestimated services output price inflation during 2022, but underestimated it through 2023 and some of 2024. (Graphics by Andy Bruce; editing by David Milliken)
Zawya
24-06-2025
- Business
- Zawya
UK factories suffer bigger drop in orders during June, CBI says
British manufacturers this month reported the sharpest contraction in orders since January and expectations for selling prices cooled, the Confederation of British Industry said on Tuesday. The CBI's monthly balance for manufacturing new orders fell in June to -33 from -30 in May. The CBI's gauge of output for the past three months improved but remained rooted in contraction territory. "The UK's manufacturing sector is under significant pressure, contending with high energy costs, rising labour costs, pervasive skills shortages, and a volatile global economic environment," said Ben Jones, lead economist at the CBI. The survey's gauge of export orders rose to its highest level since August last year, meaning the worsening picture for orders overall reflected worsening domestic demand. Expectations for rising prices among manufacturers fell to their lowest level in net terms since February, the CBI said. (Reporting by Andy Bruce Editing by William Schomberg)
Yahoo
04-06-2025
- Business
- Yahoo
UK's Reeves okays $21 billion of transport projects outside London
By Andy Bruce MANCHESTER, England (Reuters) -British finance minister Rachel Reeves will on Wednesday commit 15.6 billion pounds ($21.1 billion) of funds for transport projects in cities outside London, dogged by years of under-investment and unfulfilled promises. In a speech in Manchester, northwest England, Reeves is due to announce the first investment commitments from her June 11 Spending Review - which sets the budgets for government departments for the rest of the parliamentary term, the finance ministry said. Prime Minister Keir Starmer's Labour government, which suffered heavy defeats in local elections this year, is under pressure to show it is delivering improvements to public services and infrastructure. Britain suffers extremely poor rates of productivity in its cities outside the capital when compared to peer countries, with outdated and limited transport links identified by organisations like the OECD as a key factor. "A Britain that is better off cannot rely on a handful of places forging ahead of the rest of the country," Reeves said in excerpts of her speech provided by the finance ministry. She added that this kind of thinking created growth in too few places and had created large gaps between regions. Most of the 15.6 billion pounds of investment was earmarked by the previous Conservative government of former Prime Minister Rishi Sunak when he cancelled part of a high-speed north-south rail line and promised to reallocate the cash to local projects. However, many city regions have been left waiting for a go-ahead from London. Wednesday's announcement represents a budget commitment to fund transport projects between 2027/28 and 2031/32. They include investments in metro networks in the West Midlands, Greater Manchester, the North East and South Yorkshire, as well as a first mass transit system for West Yorkshire - a city region of 2.3 million people. "These projects can then give firms involved in the supply chains real confidence to start planning and investing in their local economies," said Jonny Haseldine, head of business environment at the British Chambers of Commerce. Britain has held periodic government spending reviews since 1998, but this is the first since 2015 to cover multiple years, other than one in 2021 focused on the COVID pandemic. The non-partisan Institute for Fiscal Studies said on Monday this spending review could prove to be "one of the most significant domestic policy events" for the Labour government. ($1 = 0.7398 pounds) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
