Author: UK News

Frantic search for Titanic submarine crew who have until 10am on Thursday before air runs out The Independent says The families of five people missing in a submarine that vanished near the wreck of the Titanic have been handed a grim deadline of 10am on Thursday for rescuers to find their lost loved ones alive in the depths of the Atlantic Ocean. A frantic search for the OceanGate Expeditions submarine became an increasingly desperate race against time as it entered its second day on Tuesday, as officials said those on board would have already used more than half of their…

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UK inflation stays at 8.7% despite hopes of a fall The UK’s inflation rate has stayed at 8.7% in May – the same as April’s rate, stopping the downward trend in UK inflation figures. Inflation had been falling after hitting a peak of 11.1% last year. The newly released Office for National Statistics (ONS) show rising prices for “air travel, recreational and cultural goods” helped keep inflation high. Falling prices for car fuel were the largest “downward contribution” and prices for food and non-alcoholic drinks rose in May – but by less than in May 2022.  Despite PM Rishi Sunak’s…

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Scrapped Covid vaccine deal cost taxpayers £358m New figures show a Covid vaccine contract which the UK government axed cost taxpayers £358.6 million. French company Valneva had been contracted to produce over 100 million vaccines at its West Lothian plant, but the agreement was controversially scrapped in 2021. Valneva’s financial records, filed with the US Securities and Exchange Commission, indicate that the company received significant payments, totalling hundreds of millions of pounds, which were non-refundable. The breakdown of these payments includes €47.5 million (£40.5 million) as part of a settlement agreement following the contract termination, €78 million (£66.5 million) for…

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