Daily Finance UK http://www.dailyfinance.co.uk Daily Finance UK http://www.blogsmithmedia.com/http://www.dailyfinance.co.uk/media/feedlogo.gif Daily Finance UK http://www.dailyfinance.co.uk en-us Copyright 2010 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/Pick of the early morning newshttp://www.dailyfinance.co.uk/2010/03/11/pick-of-early-morning-news/http://www.dailyfinance.co.uk/2010/03/11/pick-of-early-morning-news/http://www.dailyfinance.co.uk/2010/03/11/pick-of-early-morning-news/#commentsFiled under: , , ,

Pub owner JD Wetherspoon has unveiled a hike in first half profitsEven a recession cannot dull the national appetite for beer and fun, as pub chain JD Wetherspoon proved today. The firm announced record first half profits of £36.2m from its estate of more than 700 pubs, up more than 40% on the previous year.

Unveiling its results, Wetherspoon criticised government attempts to reduce drunken behaviour. "The crackdown on pubs may actually exacerbate the problems of binge drinking," said the firm. "It has resulted in more drinking, especially by young people, in the unsupervised environments of parties, streets and parks."

Continue reading Pick of the early morning news

Pick of the early morning news originally appeared on Daily Finance UK on Thu, 11 Mar 2010 02:38:00 EST. Please see our terms for use of feeds.

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]]>AvatarCineworldfinancial resultsFinancialResultsjd wetherspoonJdWetherspoonnewcastle building societyNewcastleBuildingSocietypick of early morning newsPickOfEarlyMorningNewsHelen FowlerThu, 11 Mar 2010 02:38:00 ESTEconomy doing worse than suspected?http://www.dailyfinance.co.uk/2010/03/10/economy-doing-worse-than-suspected/http://www.dailyfinance.co.uk/2010/03/10/economy-doing-worse-than-suspected/http://www.dailyfinance.co.uk/2010/03/10/economy-doing-worse-than-suspected/#commentsFiled under: , , , , ,

A report suggests the government is over-optimistic about the economyCould public finances be in even worse shape than already suspected? We already know the economy is in a bad way. Biggest peace-time deficit, banks on verge of collapse, triple A rating under threat etc. Now an influential report says the government underestimates the scale of difficulties.

The report claims that additional tax rises or spending cuts of £20bn a year (over and above what we already know about) will be needed within three years. The government is also too optimistic in its economic growth predictions, suggests report author PricewaterhouseCoopers.

Continue reading Economy doing worse than suspected?

Economy doing worse than suspected? originally appeared on Daily Finance UK on Wed, 10 Mar 2010 13:24:00 EST. Please see our terms for use of feeds.

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]]>infocusJohn HawksworthJohnHawksworthPricewaterhouseCooperspublic sector deficitPublicSectorDeficitPWCHelen FowlerWed, 10 Mar 2010 13:24:00 ESTBudget date fires election starting gunhttp://www.dailyfinance.co.uk/2010/03/10/mar-24-fires-election-starting-gun/http://www.dailyfinance.co.uk/2010/03/10/mar-24-fires-election-starting-gun/http://www.dailyfinance.co.uk/2010/03/10/mar-24-fires-election-starting-gun/#commentsFiled under: , , , , ,

Chancellor Alistair Darling (pictured) will present the 2010 Budget on 24 MarchThe Budget will take place on March 24, in what is expected to be the opening battle in the general election. Today's confirmation of the Budget date suggests the government is planning on May 6 for the election.

The imminent election means this year's Budget is likely to be more of a balancing act than ever. The Labour government is on a rock (the need to prove it is serious about cutting record levels of public borrowing). It is also close to a hard place (the need to woo the electorate and win votes). Neither aim is particularly compatible with the other.

Continue reading Budget date fires election starting gun

Budget date fires election starting gun originally appeared on Daily Finance UK on Wed, 10 Mar 2010 07:53:00 EST. Please see our terms for use of feeds.

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]]>alistair darlingAlistairDarlingbudget 2010Budget2010chacellor of exchequerChacellorOfExchequerdate confirmed for budget 2010DateConfirmedForBudget2010dont missDONTMISSgordon brownGordonBrownprime ministerPrimeMinisteruk public deficitUkPublicDeficitHelen FowlerWed, 10 Mar 2010 07:53:00 ESTHow Floyd found dark side of the nethttp://www.dailyfinance.co.uk/2010/03/10/how-floyd-found-dark-side-of-the-net/http://www.dailyfinance.co.uk/2010/03/10/how-floyd-found-dark-side-of-the-net/http://www.dailyfinance.co.uk/2010/03/10/how-floyd-found-dark-side-of-the-net/#commentsFiled under: , ,

man on computerThey were at the forefront of musical innovation for decades. The band that pioneered psychedelic music in the 1960s. They introduced us to rock music in the 1970s. They redefined album cover art.

But the era of on-line music is presenting challenges for Pink Floyd, as for many in the industry. The band has taken EMI, its record label since 1967, to court in a dispute over the calculation of royalties for sales over the internet.

Continue reading How Floyd found dark side of the net

How Floyd found dark side of the net originally appeared on Daily Finance UK on Wed, 10 Mar 2010 06:36:00 EST. Please see our terms for use of feeds.

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]]>BroadbandAccessEMIiTuneson-line musicOn-lineMusicPink FloydPinkFloydroyalties for internet music salesRoyaltiesForInternetMusicSalesunbundling songsUnbundlingSongsHelen FowlerWed, 10 Mar 2010 06:36:00 ESTHow to cut your tax bill - legallyhttp://www.dailyfinance.co.uk/2010/03/09/how-to-cut-your-tax-bill-legally/http://www.dailyfinance.co.uk/2010/03/09/how-to-cut-your-tax-bill-legally/http://www.dailyfinance.co.uk/2010/03/09/how-to-cut-your-tax-bill-legally/#commentsFiled under: , , , ,

There are legal ways of keeping money out of the taxman's clutchesIt might sound a little calculating, not to mention downright paradoxical. But if you want to save on your tax bill, consider giving money away. As they say, giving is a form of receiving. Nowhere is this more true than in the UK tax system.

"Making charitable donations through the gift aid system is very tax efficient for both the charity and individuals who are higher rate tax payers," says Jason Butler of Bloomsbury Financial Planning.

Continue reading How to cut your tax bill - legally

How to cut your tax bill - legally originally appeared on Daily Finance UK on Tue, 09 Mar 2010 16:20:00 EST. Please see our terms for use of feeds.

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]]>capital gains taxCapitalGainsTaxcharitable givingCharitableGivingchild trust fundchild trust fundsChildTrustFundChildTrustFundsHargreaves LansdownHargreavesLansdowninheritance taxInheritanceTaxISAISAsunbiased.co.ukHelen FowlerTue, 09 Mar 2010 16:20:00 ESTCash-strapped Britons tighten their beltshttp://www.dailyfinance.co.uk/2010/03/09/cash-strapped-britons-tighten-their-belts/http://www.dailyfinance.co.uk/2010/03/09/cash-strapped-britons-tighten-their-belts/http://www.dailyfinance.co.uk/2010/03/09/cash-strapped-britons-tighten-their-belts/#commentsFiled under: , ,

Cash-strapped Britain is tightening its beltScrimping. Saving. Pinching pennies. Whatever you call it, many of us are doing it. Nearly a third of the population has cut down on everyday luxuries such as eating out, theatre and cinema. A fifth of us are spending less on holidays. The same proportion has switched to cheaper supermarkets.

Amid so much frugality, you might think we would all pay as little tax as possible. Wrong. We are set to waste a collective £9 billion in unnecessary tax payments, reveals a financial website.

Continue reading Cash-strapped Britons tighten their belts

Cash-strapped Britons tighten their belts originally appeared on Daily Finance UK on Tue, 09 Mar 2010 10:54:00 EST. Please see our terms for use of feeds.

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]]>Her Majestys Revenue and CustomHerMajestysRevenueAndCustominheritance taxInheritanceTaxKaren BarrettKarenBarretttax creditstax wastageTaxCreditsTaxWastageunbiased.co.ukHelen FowlerTue, 09 Mar 2010 10:54:00 ESTWhy 'enhanced' may not equal 'better'http://www.dailyfinance.co.uk/2010/03/08/why-enhanced-may-not-equal-better/http://www.dailyfinance.co.uk/2010/03/08/why-enhanced-may-not-equal-better/http://www.dailyfinance.co.uk/2010/03/08/why-enhanced-may-not-equal-better/#commentsFiled under: , , ,

Pensioners with shorter than average life expectancy may qualify for higher annuitiesSales of 'enhanced' annuities rose by an astonishing 24% last year. But what on earth is an 'enhanced' annuity, I hear you ask. Want to know the bad news? The only people who qualify for 'enhanced' annuities are those who can prove they are one step closer to the Grim Reaper than the average pensioner.

We're talking smokers, the overweight and those with 'serious medical conditions', here. People one step closer to the executing that funeral plan than the typical pensioner. As euphemisms go, the phrase 'enhanced' annuity should take the biscuit. It makes it sound like you're getting a great deal. What you're actually getting is closer to death.

Continue reading Why 'enhanced' may not equal 'better'

Why 'enhanced' may not equal 'better' originally appeared on Daily Finance UK on Mon, 08 Mar 2010 12:11:00 EST. Please see our terms for use of feeds.

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]]>enhanced annuitiesenhanced annuityEnhancedAnnuitiesEnhancedAnnuityimpaired life annuitiesImpairedLifeAnnuitiespensions annuityPensionsAnnuitytowers watsonTowersWatsonHelen FowlerMon, 08 Mar 2010 12:11:00 ESTWhere to find best ISA dealshttp://www.dailyfinance.co.uk/2010/03/08/where-to-find-best-isa-deals/http://www.dailyfinance.co.uk/2010/03/08/where-to-find-best-isa-deals/http://www.dailyfinance.co.uk/2010/03/08/where-to-find-best-isa-deals/#commentsFiled under: , , ,

Barclays is fighting for a share of the ISA marketJust over four weeks to go until the new ISA year. This is traditionally a time when you can find attractive rates on these tax-free investment vehicles. Firms dangle these rates in an attempt to woo last-minute savers in this tax year.

A moneynet.co.uk ranking reveals that Santander offers the best rates for instant access ISA products, (3.5%). Barclays has crept into second place (at 3.1%). "The ISA market is really taking shape as we approach the annual hot bed of activity as providers look to lure savers yet to make their move in the current tax year," said Andrew Hagger of Moneynet.co.uk.

Continue reading Where to find best ISA deals

Where to find best ISA deals originally appeared on Daily Finance UK on Mon, 08 Mar 2010 07:31:00 EST. Please see our terms for use of feeds.

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]]>barclaysfirst directFirstDirectfixed rate ISAsFixedRateIsasinstant access ISAsInstantAccessIsasisaisa allowance 20102011IsaAllowance20102011nationwidesantanderHelen FowlerMon, 08 Mar 2010 07:31:00 ESTMost generous region revealedhttp://www.dailyfinance.co.uk/2010/03/03/most-generous-region-revealed/http://www.dailyfinance.co.uk/2010/03/03/most-generous-region-revealed/http://www.dailyfinance.co.uk/2010/03/03/most-generous-region-revealed/#commentsFiled under: , , , ,

The Welsh are most likely to leave a tip, reveals government surveyThe Welsh are most likely to tip in restaurants, while the English are least likely. Despite their dour reputation, Scots are most likely to tip all the time. Those shy Northern Irish are most reticent in asking who gets the tip.

Just some of the statistics from a government campaign launched to promote better transparency in tipping. Nearly four in five consumers (79%) tend to tip, according to figures from the Department for Business, Skills and Innovation (DBIS). But only a fifth of them ask what happens to their tip (21%), something the government is campaigning to change.

Continue reading Most generous region revealed

Most generous region revealed originally appeared on Daily Finance UK on Wed, 03 Mar 2010 13:04:00 EST. Please see our terms for use of feeds.

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]]>consumersdepartment for businessDepartmentForBusinessgratuitiesgratuityinnovation and skillsLord YoungLordYoungrestaurantstiptippingtipsHelen FowlerWed, 03 Mar 2010 13:04:00 ESTHow banks are strangling small firmshttp://www.dailyfinance.co.uk/2010/03/02/how-banks-are-strangling-small-firms/http://www.dailyfinance.co.uk/2010/03/02/how-banks-are-strangling-small-firms/http://www.dailyfinance.co.uk/2010/03/02/how-banks-are-strangling-small-firms/#commentsFiled under: , , , ,

The cost of borrowing is rising for small businessesThe cost of borrowing money should be falling, right? Given record low interest rates and dwindling savings rates. Not to mention all the government's efforts to keep money pumping around the financial system. Wrong. it's not falling. In fact, it's the reverse. Borrowing is getting more, not less expensive.

A fifth of small businesses have seen the cost of existing borrowing rise in the last two months, according to the Federation of Small Businesses (FSB). Of those, a minority (6%) say the cost has risen by as much as 15% or more. Considering that small businesses are reckoned to be the lifeblood of the economy, that is bad news.

Continue reading How banks are strangling small firms

How banks are strangling small firms originally appeared on Daily Finance UK on Tue, 02 Mar 2010 09:01:00 EST. Please see our terms for use of feeds.

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]]>cost of borrowingCostOfBorrowingfederation of small businessesFederationOfSmallBusinessessmall business borrowingSmallBusinessBorrowingHelen FowlerTue, 02 Mar 2010 09:01:00 ESTInvestors remain wary of the split caphttp://www.dailyfinance.co.uk/2010/03/01/investors-remain-wary-of-the-split-cap/http://www.dailyfinance.co.uk/2010/03/01/investors-remain-wary-of-the-split-cap/http://www.dailyfinance.co.uk/2010/03/01/investors-remain-wary-of-the-split-cap/#commentsFiled under: , , , , ,

The split cap scandal of the early 2000s left many out of pocketIt seems the world is not yet ready to welcome back the split cap investment trust. This is the type of fund that gained notoriety for leaving thousands out of pocket in the early 2000s. Invesco Perpetual has withdrawn the planned launch of a new split cap fund, according to today's Financial Times.

The fund was originally due to launch last December, in response to investors seeking products taxed as capital gains, rather than income. The top rate of income tax is due to rise to 50% from next month, whereas capital gains remains at only 18%.

Continue reading Investors remain wary of the split cap

Investors remain wary of the split cap originally appeared on Daily Finance UK on Mon, 01 Mar 2010 13:10:00 EST. Please see our terms for use of feeds.

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]]>Bear StearnsBearStearnsInvesco PerpetualInvescoPerpetualsplit capsplit capital investment trustSplitCapSplitCapitalInvestmentTrustUK tax regimeUkTaxRegimeHelen FowlerMon, 01 Mar 2010 13:10:00 ESTTen warnings on consumer rightshttp://www.dailyfinance.co.uk/2010/03/01/ten-tips-to-your-consumer-rights/http://www.dailyfinance.co.uk/2010/03/01/ten-tips-to-your-consumer-rights/http://www.dailyfinance.co.uk/2010/03/01/ten-tips-to-your-consumer-rights/#commentsFiled under:

Know your consumer rightsMany of us are confused about where we stand in terms of our consumer rights. Unfortunately, that confusion leaves many of us vulnerable to getting ripped off.

Some retailers will not hesitate to take advantage of consumer ignorance by denying shoppers the refund or replacement they deserve. Aware of this, the government is promoting awareness of consumer rights. Here is a list of tips, courtesy of the Department for Business, Innovation and Skills, to help you get a fair deal.

Continue reading Ten warnings on consumer rights

Ten warnings on consumer rights originally appeared on Daily Finance UK on Mon, 01 Mar 2010 11:33:00 EST. Please see our terms for use of feeds.

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]]>Consumer Directconsumer rightsConsumerDirectConsumerRightsDepartment for BusinessDepartmentForBusinessInnovation and Skillsrefundrepairreplacementshoppers get fair dealShoppersGetFairDealHelen FowlerMon, 01 Mar 2010 11:33:00 ESTHenderson profits up to £14.5mhttp://www.dailyfinance.co.uk/2010/02/24/henderson-profits-up-to-14-5m/http://www.dailyfinance.co.uk/2010/02/24/henderson-profits-up-to-14-5m/http://www.dailyfinance.co.uk/2010/02/24/henderson-profits-up-to-14-5m/#commentsFiled under: , , , ,

Profits at asset manager Henderson up Asset manager Henderson has reported profits of £14.5m last year. That's up substantially from a £20.8m loss in 2008. Assets under management also grew, helped by the acquisition of New Star. They rose by almost £10bn to £58.1bn.

Andrew Formica, chief executive of Henderson, said: "Despite 2009 being a tough year, competitive long term investment performance, diversity of products, channels and geographic reach stood the business in good stead."

Continue reading Henderson profits up to £14.5m

Henderson profits up to £14.5m originally appeared on Daily Finance UK on Wed, 24 Feb 2010 13:19:00 EST. Please see our terms for use of feeds.

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]]>andrew formicaAndrewFormicaannual profits 2009AnnualProfits2009hendersonnew starNewStarHelen FowlerWed, 24 Feb 2010 13:19:00 ESTNorthern Rock drops 100% guaranteehttp://www.dailyfinance.co.uk/2010/02/24/northern-rock-drops-100-guarantee/http://www.dailyfinance.co.uk/2010/02/24/northern-rock-drops-100-guarantee/http://www.dailyfinance.co.uk/2010/02/24/northern-rock-drops-100-guarantee/#commentsFiled under: , , , ,

The UK government stepped in to save Northern Rock from collapse in 2007Savers in the Northern Rock bank will lose the 100% guarantee on their savings from May. The higher limit was introduced in 2007, as the government successfully sought to reduce a run on the bank.

Savers will continue to have the first £50,000 of their deposits protected by the Financial Services Compensation Scheme (FSCS). But anything beyond that limit is potentially at risk. One exception will be fixed term deposits in existing Northern Rock accounts. They will be covered by the 100% guarantee until maturity.

Continue reading Northern Rock drops 100% guarantee

Northern Rock drops 100% guarantee originally appeared on Daily Finance UK on Wed, 24 Feb 2010 07:47:00 EST. Please see our terms for use of feeds.

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]]>banking crisisBankingCrisisnorthern rockNorthernRocksavings guaranteeSavingsGuaranteeHelen FowlerWed, 24 Feb 2010 07:47:00 ESTUncle Sam to clip his hedge fund?http://www.dailyfinance.co.uk/2010/02/24/uncle-sam-to-clip-his-hedge-fund/http://www.dailyfinance.co.uk/2010/02/24/uncle-sam-to-clip-his-hedge-fund/http://www.dailyfinance.co.uk/2010/02/24/uncle-sam-to-clip-his-hedge-fund/#commentsFiled under: , , , ,

The US government owns 27% of Citigroup, which is reportedly selling its hedge fund businessThe US government may be close to selling a hedge fund operation. Citigroup, 27% owned by Uncle Sam, is reportedly in talks to sell a $4bn absolute return business.

The Wall Street Journal reports that SkyBridge Capital, a New York-based alternative asset manager, is in talks to buy Citigroup's fund of funds business. The deal comes as the financial community starts to rehabilitate hedge funds, often considered controversial investment vehicles.

Continue reading Uncle Sam to clip his hedge fund?

Uncle Sam to clip his hedge fund? originally appeared on Daily Finance UK on Wed, 24 Feb 2010 06:31:00 EST. Please see our terms for use of feeds.

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]]>Citigroup Inc. CCitigroupInc.Cfund of hedge fundsFundOfHedgeFundsSkyBridgeuncle samUncleSamUS governmentUsGovernmentHelen FowlerWed, 24 Feb 2010 06:31:00 ESTInvestors develop metallic tastehttp://www.dailyfinance.co.uk/2010/02/22/investors-develop-metallic-taste/http://www.dailyfinance.co.uk/2010/02/22/investors-develop-metallic-taste/http://www.dailyfinance.co.uk/2010/02/22/investors-develop-metallic-taste/#commentsFiled under: ,

Mobile phones use the minor metal cobalt in their manufactureYou will find it in your mobile phone. You can find it in the Congo and Zambia. You will find it in hard-wearing alloys in the aerospace industry. But, up until today, you would not find cobalt trading on an exchange anywhere in the world.

That changed this morning. The London Metal Exchange (LME) launched the world's first cobalt futures contracts. The move is designed to capture rising investor interest in commodities more generally.

Continue reading Investors develop metallic taste

Investors develop metallic taste originally appeared on Daily Finance UK on Mon, 22 Feb 2010 11:31:00 EST. Please see our terms for use of feeds.

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]]>alloyscobalt futuresCobaltFuturesLmEricssonNokiaLondon Metal exchangeLondonMetalExchangemolybdenumHelen FowlerMon, 22 Feb 2010 11:31:00 ESTInsure yourself against ripe, old agehttp://www.dailyfinance.co.uk/2010/02/22/insure-yourself-against-ripe-old-age/http://www.dailyfinance.co.uk/2010/02/22/insure-yourself-against-ripe-old-age/http://www.dailyfinance.co.uk/2010/02/22/insure-yourself-against-ripe-old-age/#commentsFiled under: , ,

Car firm BMW is insuring against longer lives for its pensionersLonger life expectancy: great for pensioners, less great for those paying their pensions. Car firm BMW has signed a record-breaking insurance deal protecting it against the financial impact of its pensioners living longer than expected.

The firm revealed today it has entered into the world's largest ever 'longevity' insurance deal. The transaction will cover BMW against 'life expectancy risks' (meaning longer lives) for around 60,000 former workers.

Continue reading Insure yourself against ripe, old age

Insure yourself against ripe, old age originally appeared on Daily Finance UK on Mon, 22 Feb 2010 09:56:00 EST. Please see our terms for use of feeds.

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]]>BMWlonger life expectancyLongerLifeExpectancylongevity insuranceLongevityInsurancepension deficitPensionDeficitHelen FowlerMon, 22 Feb 2010 09:56:00 ESTDon't turn a crisis into a disasterhttp://www.dailyfinance.co.uk/2010/02/18/dont-turn-a-crisis-into-a-disaster/http://www.dailyfinance.co.uk/2010/02/18/dont-turn-a-crisis-into-a-disaster/http://www.dailyfinance.co.uk/2010/02/18/dont-turn-a-crisis-into-a-disaster/#commentsFiled under: , , , , ,

Premier Gordon Brown has steered the UK through its banking crisisIt's never great news. But a banking crisis doesn't have to be a disaster. One in three of them does no lasting damage, according to research from the International Monetary Fund (IMF).

So what about this latest banking fiasco? Will it do permanent harm? Or will we escape unscathed?

Continue reading Don't turn a crisis into a disaster

Don't turn a crisis into a disaster originally appeared on Daily Finance UK on Thu, 18 Feb 2010 17:24:00 EST. Please see our terms for use of feeds.

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]]>fidelityIMFInternational Monetary FundInternationalMonetaryFundtrevor greethamTrevorGreethamHelen FowlerThu, 18 Feb 2010 17:24:00 ESTHow to spot a cyber dating scamhttp://www.dailyfinance.co.uk/2010/02/16/how-to-spot-a-cyber-dating-scam/http://www.dailyfinance.co.uk/2010/02/16/how-to-spot-a-cyber-dating-scam/http://www.dailyfinance.co.uk/2010/02/16/how-to-spot-a-cyber-dating-scam/#commentsFiled under: , , ,

On-line dating can be a risky business, warns the OFTIf Valentine's Day romance left you feeling lonely, beware of resorting to on-line dating. It's Scams Awareness Month and the Office of Fair Trading (OFT) is warning of internet dating cons. "The increased potential to meet new people on-line is being used by scammers to gain trust and con people out of their money," it says.

On-line dating could leave you not just single, but also broke. "Scammers target singles columns and dating websites to search for potential victims," says the OFT. Criminals gain their victims' trust by sending out photos, emails and letters. Then the fraudsters persuade their prey to part with large sums, typically saying they would like to meet but are stranded and need money to travel.

Continue reading How to spot a cyber dating scam

How to spot a cyber dating scam originally appeared on Daily Finance UK on Tue, 16 Feb 2010 06:38:00 EST. Please see our terms for use of feeds.

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]]>cyber enforcement teamCyberEnforcementTeamHeather ClaytonHeatherClaytonKevin BrennanKevinBrennanoffice of fair tradingOfficeOfFairTradingOFTtrading standards officersTradingStandardsOfficersHelen FowlerTue, 16 Feb 2010 06:38:00 ESTCheaper flights to US on the wayhttp://www.dailyfinance.co.uk/2010/02/15/cheaper-flights-to-us-on-the-way/http://www.dailyfinance.co.uk/2010/02/15/cheaper-flights-to-us-on-the-way/http://www.dailyfinance.co.uk/2010/02/15/cheaper-flights-to-us-on-the-way/#commentsFiled under:

An airline merger could save passengers moneyFasten your seatbelts. Stow all luggage under the seat in front of you. Prepare for take-off. Cheaper airfares to the US are on the horizon. British Airways (BA) is getting closer to a merger with American Airlines (AA). Closer co-operation is likely to mean lower prices.

The US government is relaxing its strict rules on co-operation between AA and BA. The UK airline said: "Closer cooperation will benefit customers with more travel choices and convenient schedules, expanded opportunities to earn and redeem frequent flyer miles and greater availability of lower fares."

Continue reading Cheaper flights to US on the way

Cheaper flights to US on the way originally appeared on Daily Finance UK on Mon, 15 Feb 2010 11:28:00 EST. Please see our terms for use of feeds.

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]]>amercian airlinesAmercianAirlinesbritish airwaysBritishAirwaysDepartment of TransportationDepartmentOfTransportationoneworldsky teamSkyTeamstar allianceStarAllianceHelen FowlerMon, 15 Feb 2010 11:28:00 EST