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Monday’s headlines are dominated by speculation around the future of prime minister Liz Truss, who has been told to quit by some Conservative MPs just six weeks after being elected as leader.
The pound, though, recovered in value on Monday morning (17 October) after new chancellor Jeremy Hunt decided to “fast-track” the announcement of measures to pay for Truss’s disastrous mini-Budget, which saw Kwasi Kwarteng sacked as chancellor on Friday.
Elsewhere, airlines are calling for the departure of Heathrow’s boss while flights from Crete were disrupted over the weekend due to flash flooding.
Here are the headlines the travel industry woke up to on Monday (17 October).
Truss fights for survival as PM
New prime minister Liz Truss faces a fight for survival in the coming days as Conservative MPs threaten to remove her from Downing Street after only six weeks in office. Several MPs openly told Truss to quit during the weekend. (Various)
Pound moves higher after mini-Budget U-turns
The pound increased in value on Monday morning after the UK government made a series of U-turns to its tax cutting policies announced in last month’s mini-Budget. New chancellor Jeremy Hunt is also due to announce new tax and spending policies later today – two weeks earlier than previously planned – in a bid to calm financial markets. (BBC News)
Airline chiefs want Heathrow boss in the ejector seat
Major carriers are calling for the end to John Holland-Kaye’s reign as Heathrow’s chief executive following a summer of disruption including the imposition of a daily passenger cap at the airport. Airlines are also angry at Heathrow’s plea to be allowed to double passenger charges. (The Times)
Flash floods in Crete leave one dead and cause airport ‘chaos’
Torrential rainfall on Greece’s largest island at the weekend caused flights to be halted at Heraklion international airport after runways became submerged, causing delays and cancellations for travellers. (Sky News)
China insists it will stick with zero-Covid
China has insisted that it plans to stick with strict zero-Covid policies, with authorities saying that the current extensive testing and quarantine regime will continue. The statement was made as the ruling Communist party opened its congress. (Financial Times)
