Between Iceland and Portugal? Ireland’s turn for cash
Our Political Editor recalls the last time the Treasury got involved in a banking bailout – and wonders if there’s another reason George Osborne favours Ireland.
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As the boss of Iceland blames the local authorities for driving down the cost of food in schools and hospitals, Channel 4 News hears from both sides of the debate.
The former prime minister of Iceland appears in court as the first world leader charged over the 2008 financial crisis – but the country remains undecided on whether he should be held accountable.
The claim “The absence of any volcanic ash in the atmosphere supports Ryanair’s stated view that there is no safety threat to aircraft in this mythical ‘red zone’.”
The area around Grimsvotn is shrouded in a gloomy pall of volcanic ash, Science Correspondent Tom Clarke reports from Iceland. But how does it compare to last year’s ash cloud?
As airlines across Britain cancel flights as the ash cloud hits, the British Air Transport Association tells Channel 4 News a crisis of last year’s magnitude would “devastate the industry”.
After a day of cancellations the Icelandic Met Office say that the ash plume from the Grimsvotn volcano has reduced 75 percent in size and will not seriously affect mainland European airspace.
Europe is watching for any impact on its air routes after a huge volcanic eruption in Iceland. But an expert tells Channel 4 News there is unlikely to be a repeat of last year’s air travel chaos.
The UK should expect some flight disruption because of the volcanic eruption in Iceland, warns the Civil Aviation Authority, as one expert also tells Channel 4 News of the risk of “glacier burst”.
Iceland’s most active volcano has released a plume of ash which could reach the UK by Tuesday, but scientists doubt there will be a repeat of the travel chaos caused by last year’s cloud.
The government will take legal action in the international courts to recoup billions of pounds paid to British savers when the Icelandic banking system collapsed in 2008.
Our Political Editor recalls the last time the Treasury got involved in a banking bailout – and wonders if there’s another reason George Osborne favours Ireland.
Iceland’s former Prime Minister has become the first politician to face charges over the financial crisis, after the Icelandic parliament voted to bring negligence charges against him.
Faisal Islam sounds a warning note for British savers attracted to Icelandic institutions by high interest rates. Six months later, the country’s economy – and its major banks – collapsed.
Hurricane Ernesto is roaming the western Atlantic Ocean. How could it affect the UK’s weather later next week?
In today’s episode, we speak to one of the researchers behind the four-day week trial. Does it really work, and could it soon be coming to an office near you?