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Economy

Number of empty shops falls, plus Twitter sold
New figures show a slight decline in the number of high street shop closures
Airlines 'profiteering' and Shapps' golden handshake
Heathrow accuses airlines of hiking fares this summer, while Grant Shapps to receive severance payment despite new role
Sunak gets to work, with new transport sec revealed
New prime minister’s appointment sees currency markets react favourably
Industry looks to Sunak to stop the economy hampering sales
Action from new prime minister urged amid signs travel’s recovery is slowing down and peaks at risk
On the Beach reports sales uptick despite 'unpredictable' year
In the second half of the 2022 financial year, group sales were 25% ahead of the same time in 2019
Caribtours joins ID Travel Group to boost product offering
The UK management team under chief executive Paul Cleary will retain control of the day-to-day running of the company
Profit warnings issued in 2022 by travel companies 'already double 2021’s total'
Rising costs featured in more than 66% of the warnings issued by companies in the sector in Q3 2022
Confidence plunges to 'historic low' amid cost of living crisis
The Deloitte Consumer Tracker reveals UK consumer confidence fell for a fifth consecutive quarter in Q3 2022
Abta urges new chancellor to extend business rates support
The association has written to Jeremy Hunt ahead of the fiscal statement on 31 October
TTNG offers members financial tools to combat cost of living crisis
Tips include negotiating better deals with banks, landlords and utility suppliers
Tourism reports ‘sharpest fall in output’ of any UK sector in September
It comes as consumers rein in discretionary spending due to rising inflation, according to Lloyds Bank
Loganair returns to profit after two years of Covid-induced losses
The Glasgow-based company released its audited accounts for the financial year on Wednesday (19 October)
Poll: Who should be in charge and how can they fix the economy?
Tell us who you think should be leading the country, and what they should do to dig us out of this hole
Lo Bue-Said: ‘Govt chaos hampering travel’s Covid recovery’
The chief executive of The Advantage Travel Partnership said the government’s U-turn on VAT will be a ‘huge knock’ to small UK travel businesses
PM under threat fire as chancellor flies home to address economic strife
Liz Truss tipped to scrap ‘mini-Budget’ to calm markets as chancellor flies back from US early to focus on the situation
Latam hopeful of exiting bankruptcy protection ‘in the coming weeks’
Carrier nearing completion of protracted restructure, and expects to emerge with US $2.2 billion in liquidity and a reduction in debt of around 35%
Plummeting pound drives up costs and Jet2 flight escorted
Sterling’s fall against a basket of currencies has made some destinations much more expensive, new research finds, while a Jet2 flight had to be escorted to Stansted overnight
Travel 'may find Number 10's door increasingly closed'
Addressing the Abta Convention, journalist Lewis Goodall said sectors like travel would find it increasingly hard in the coming months to make their voice heard to government
'Tories have no chance at next election...' admits ex-Tory MP
’British politics has collapsed like an unstable souffle,’ former Conservative MP and international trade secretary told delegates in Marrakesh, blasting Liz Truss’s ’populist’ agenda
Heathrow facing more disruption, plus Australia unveils new mascot
Heathrow mulls new capacity cap at Christmas, plus a strike threat hangs over the World Cup
Canaries invites Brits 'to trade in central heating for winter sun'
Depending on when and where customers fly from and how long they stay for, UK billpayers could "save money" by staying in the Canary Islands
Tanzer: 'Travel can look ahead with renewed confidence and ambition'
Abta chief fires warning shots at chancellor Kwasi Kwarteng and business secretary Jacob Rees-Mogg in Abta Convention opening address
Advantage Managed Services reports 'record-breaking' £100m turnover
Advantage chief commercial officer Kelly Cookes said the organisation’s focus ’remains fully on the success’ of its members
Streets behind: How can agencies evolve to reclaim the high street?
As footfall on the UK’s high streets declines, Gary Noakes explores how agencies can evolve to make the most of new legislation and digitisation