Advertisement
UK markets closed
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     
  • AIM

    755.28
    +2.16 (+0.29%)
     
  • GBP/EUR

    1.1671
    +0.0015 (+0.13%)
     
  • GBP/USD

    1.2480
    -0.0031 (-0.25%)
     
  • Bitcoin GBP

    51,053.33
    -312.78 (-0.61%)
     
  • CMC Crypto 200

    1,321.03
    -75.50 (-5.41%)
     
  • S&P 500

    5,103.45
    +55.03 (+1.09%)
     
  • DOW

    38,247.47
    +161.67 (+0.42%)
     
  • CRUDE OIL

    84.07
    +0.50 (+0.60%)
     
  • GOLD FUTURES

    2,350.20
    +7.70 (+0.33%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

UK paves way for multi-billion pound bailout of airlines - Times

FILE PHOTO: A passenger plane passes in front of the full moon as it makes it's final landing approach to Heathrow Airport, London, Britain

LONDON (Reuters) - The British government is paving the way for a multi-billion pound bailout of airlines by lifting a cap on level of financial support it can provide, the Times newspaper reported on Wednesday.

The paper said the government was planning to amend legislation which caps the amount it can offer to industry at 12 billion pounds.

(Reporting by Michael Holden; editing by Stephen Addison)