Ryanair returns

Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.

Ryanair prepares for takeoff

The budget airline has said it plans to start running 1,000 flights per day from 1st July; that’s around 40% of its normal schedule. Currently it only runs 30 flights per day. Ryanair boss Michael O’Leary says he expects to sell just half the tickets for each flight due to low demand.

Back to school

In new guidance, the government has said it wants all primary school pupils to be able to go back to school for a month before the summer holidays. They’ll be taught in smaller classes of 15 kids, and kept apart from other classes using staggered break, lunch, and home times. The plans should make it easier for parents to work. However, they won’t face fines if they decide not to send their children to school.

Rainy day savings

People are saving more in lockdown. The Bank of England says in total we stashed away £13bn in savings* in March. Although millions of people have seen their income drop, many are spending less on commuting, eating out, and socialising. The result? More spare cash to save. The average household is now saving £162 a week on average, according to estimates from insurers Aviva.

Virgin Galactic up for sale

Fancy owning a few space rockets? Now's your chance. Richard Branson is selling $500 million (£405 million) of Virgin Galactic shares to try and rescue his flagging airline. That’s about 20% of his stake in the space tourism venture. He’s also said he’ll mortgage his private tax haven island in the Caribbean, after his plea for a bailout from UK taxpayers drew heavy criticism.