The Staverton airfield is currently a loss-making site

Gloucestershire Airport is going back up for sale again, its joint owners have announced. Cheltenham Borough Council and Gloucester City Council confirmed on Tuesday (June 30) the Staverton site would brought back to market, with property firm Savills appointed to lead a renewed sales process.

The news comes just three months after the sale of the loss-making transport hub fell through after months of negotiations. In March, a deal to offload the airport to preferred buyer Horizon Aero Group collapsed after the authorities said they could not accept the terms of the sale.

On Tuesday, council chiefs said they were relaunching the sale process after receiving a “number of approaches” from interested parties.

Councillor Rowena Hay, leader of Cheltenham Borough Council, said: ‘’We are hopeful this renewed sale process will attract the right partner for the airport’s future, which remains our key priority. We will work with partners and stakeholders to update as the new sale process proceeds.’’

Councillor Jeremy Hilton, leader of Gloucester City Council, said: “Gloucestershire Airport is a vital economic and aviation asset for our county and region and we must do our best for it.

“In recent weeks there has been considerable interest from potential investors in the airport and now is the right time to put the airport back on the market.

“This next phase gives us the opportunity to build on what we have learned and engage with investors who share our vision for growth and continued aviation at Staverton.”

It comes as bosses at Gloucestershire Airport refused to reveal to the public on Monday why the airfield has cost taxpayers millions of pounds in recent years.

City councillors were given an update on the situation of the 350-acre general aviation site, which sees around 66,000 aircraft movements a year. During the public meeting, civic chiefs quizzed airport management over the operational loss at the site.

A slide presented to the committee suggested an unaudited loss for the financial year, including depreciation and loan interest, of £2.1m. It also showed the situation had improved over the last three years.

Operational losses, excluding non-monetary adjustments, loans and depreciation, in 2024 was £1,333,041, falling to £738,030 in 2025 and £489,979 in 2026.

Interim managing director Brian Rawlings said it was “one of the few airfields you can walk in having never flown an aircraft and leave to go off and fly for an airline”.

“I can’t think of another airfield that offers that facility,” he said. “And that is backed up with the various tenants that we have there that offer some extensive flight training that is basically unique.”

But when asked why they can’t make it pay for the taxpayer, airport chiefs refused to answer detailed questions in public – instead they said they would tell civic chiefs away from the public eye.

During the public part of the meeting, the airport’s head of finance, Marian Bidmead, said the bottom line figure was a £2.1m loss. She explained the accounts were unaudited and it could be more or less than £2.1m because they “have fair evaluations on the market rentals to do as well and capitalised interest to take into account on top of that”.

Mr Rawlings admitted all members of the team were “fully aware” of what the situation and said they “absolutely” took it seriously.

“We’ve got people there who are very loyal to the airfield, very skilled and for us to be able to turn things around and make it the best airfield it can be, yes, absolutely we can do it. I’m sure we can,” he added.

The committee ultimately voted to exclude the press and public to further discuss airport issues behind closed doors while the chairman voted against.

President Donald Trump’s push to rebuild a domestic rare earth supply chain reached another milestone as the U.S. Army partners with industry to expand North American processing capacity for materials used in military equipment, as part of a broader effort to reduce reliance on China.

REalloys CEO Leonard “Lipi” Sternheim joined FOX Business’ Maria Bartiromo on “Mornings with Maria” to discuss the company’s role in developing heavy rare earth processing capabilities alongside government and industry partners.

A U.S. Army soldier handling caliber cartridges. (Sean Gallup / Getty Images)

Heavy rare earth elements such as dysprosium and terbium are essential components in advanced defense technologies, including fighter jets, missiles, submarines and drones. While rare earth deposits exist in multiple countries, much of the world’s processing and refining capacity has been concentrated in China for decades.

“Currently, China controls the entire supply chain of rare earths for heavies, which is where the processing, the refining, the metalizing magnet making,” Sternheim said, adding that REalloys is focused on bringing “the full supply chain” to North America.

TEXAS RARE-EARTH PROJECT AIMS TO CURB US RELIANCE ON CHINA, STRENGTHEN NATIONAL SECURITY

Sternheim said an upcoming federal procurement requirement scheduled to take effect on January 1, 2027, is expected to accelerate domestic sourcing for the defense industrial base by restricting products with a Chinese nexus.

He also argued that the challenge is less about finding rare earth deposits than rebuilding the refining and processing expertise needed to turn raw materials into usable products.

“It’s not the rocks that are rare. It’s the processing and refining, which are complicated technologies,” Sternheim said.

He noted the U.S. Army’s partnership with REalloys is designed to ensure critical defense materials can be sourced domestically rather than from geopolitical rivals.

NOEM WARNS OF ‘COORDINATED’ EFFORT TO FUNNEL CHINESE NATIONALS INTO US

“The reason the military partnership is so important, because that gives the country the security it needs. Nothing is reliant on other countries after that. We’re building it here. We’re building it with a partnership with the Army on their bases,” he said.

Looking ahead, Sternheim said expanding domestic capacity will take time but expressed confidence that the U.S. and its partners will make meaningful progress over the next several years.

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An Atlanta-area amusement park with the largest zero-G stall roller coaster in the U.S. is planning to close later this summer, with fans only having a few more weeks to attend the park.

Fun Spot America Atlanta’s location in Fayetteville will close permanently after its final day of operation on August 2, though it remains open until that date from 10 a.m. to 10 p.m. Additionally, season passes and gift cards will remain valid until the final day of operation at the Fayetteville location.

While Fun Spot America is closing the Atlanta-area amusement park, its other locations in Orlando and Kissimmee, Florida, will remain open and those locations will honor season passes and gift cards.

The amusement park is best known for the ArieForce One Roller Coaster, which claims the title of being the largest zero-G stall in the country.

DISNEYLAND VISITORS FACE GROWING WAVE OF RIDE CLOSURES, SHOW SHUTDOWNS HEADING INTO SUMMER 2026

John Arie Jr., owner and CEO of Fun Spot America, stands in his “it’s huge” pose in the Orlando, Florida, attraction. He said the new coaster at the Atlanta location will also boost his Central Florida parks.  (Dewayne Bevil/Orlando Sentinel/Tribune News Service via Getty Images)

The ArieForce One features a 146-foot first drop at an 83-degree angle, with the ride reaching a top speed of 64 m.p.h., according to Fun Spot America.

The ride has a height requirement of 48 inches and lasts about 100 seconds. Parkgoers can access the ride with a single day pass, or with a pay-as-you-go price of $12 per person, per ride.

ArieForce One reaches a maximum vertical G of 3.75, with a minimum vertical G of minus 1 and max lateral G of plus or minus 1.25 G.

SIX FLAGS TO SELL 7 AMUSEMENT PARKS IN DEAL WORTH MORE THAN $330M

Fun Spot America’s other locations in Florida will remain open. (Hans Gutknecht/MediaNews Group/Los Angeles Daily News via Getty Images)

FOX Business reached out to Fun Spot America for comment.

Fun Spot America CEO John Arie, Jr., previously told Amusement Today that the decision to close the Atlanta-area park “was an extremely difficult decision.”

“Our Atlanta team has poured their hearts into serving our guests and creating a place where families could have fun together. We are deeply grateful for their dedication and for the support we have received from the Fayetteville community,” Arie added.

MUSK COMPANY CHOSEN FOR UNDERGROUND TRANSIT SYSTEM FOR UNIVERSAL PARKS

The Atlanta-area theme park’s final day will be Aug. 2. (Alex Slitz – FIFA/FIFA via Getty Images)

The outlet’s report noted that the company plans to work with its team members during the transition period and will support them with resources.

Fun Spot America opened its first theme park in 1979 with its Orlando location.

The Atlanta-area location was previously known as Fun Junction USA, and was acquired by Fun Spot America in 2017.

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More than 15,000 people have responded to a Government review into access to banking services in just three weeks since it opened. The review comes after a decade which has seen almost 7,000 bank branches close, with hundreds more happening this year and some announced in just the past few days. Richard Lloyd, a former Director at the consumer group Which?, gives his first interview since being appointed to lead the review.

HMRC must “learn lessons” for the future after incorrectly suspending child benefit payments from thousands of claimants last year. That is the conclusion of a report published this week by the National Audit Office. The mistake happened during the wider roll out of a pilot scheme designed to cut some of the hundreds of millions of pounds estimated to be lost to fraud and error in child benefit claims each year.

People who are 66 today, born 27 June 1960, are the youngest people who will get the Winter Fuel Payment this year. Normally the qualifying date is three months later. How does the payment work?

And, VAT has been cut on summer attractions used by children – from theme parks to fast food – what kind of discounts are there?

Presenter: Paul Lewis
Reporters: Sarah Rogers and Jo Krasner
Researcher: Catherine Lund
Editor: Jess Quayle
Senior News Editor: Sara Wadeson

(First broadcast at midday on Saturday 27th June, 2026)

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Cruise passengers left stranded in Budapest for two days during a heatwave after the ship’s air conditioning failed will now be flown home.

Multiple people booked on to a river cruise aboard the Skyla, operated by Tui, complained to the BBC’s Your Voice about a lack of information and said elderly passengers were struggling as temperatures in the city rose above 35C this week.

Tui has apologised and told passengers it has arranged flights home for tomorrow and a full refund.

Judith Dunn, 83, had paid £2,000 for the planned trip along the Danube River and told the BBC the heat on board was “absolutely stifling”.

She was one of 146 people booked on the trip, which was meant to be a special treat for her and a friend.

It would have spanned Judith and her late husband’s 60th wedding anniversary and the 80th birthday of her friend, whose husband passed away a year ago.

She said it turned into a “nightmare”. Judith and other passengers arrived in the Hungarian capital on Monday lunchtime, but were brought to the ship only to be told the air con had broken.

Around 1930 local time, she said they were transferred to hotels and had to make their own arrangements for food.

“We have since found out that the air con has been broken for a little while, in fact the people who were here last week on a cruise had to be in a hotel as well. So they did know about this, so we were a little bit upset by that.”

Europe has been in the grip of a heatwave, and temperatures are forecast to hit 39C in Budapest on Tuesday.

Passengers were today taken back onto the ship for lunch.

Another traveller, Melanie Roberts, praised the crew for ensuring there was plenty of water.

But she said there were “a few people who are quite distressed with the situation”.

“There are some elderly people on here and people who are not as mobile as others.

“I think basically now we’re getting to… the stage where people just want to go home.”

In a statement, Tui River Cruises told the BBC it was “aware of a technical issue affecting the air conditioning on Tui Skyla following the extreme heat in Budapest, and we’re very sorry for the disruption this is causing to our customers’ holidays”.

“The ship is currently in Budapest, where engineers and specialist teams are working to fix this as quickly as possible.”

Following the statement, a letter given to passengers, seen by the BBC, said more time was needed to fully fix the problem and the decision had been taken to cancel the cruise.

People affected will receive a full refund and £100 voucher as a gesture of goodwill.

This article was written by

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There is a particular sort of Englishman who can walk into a room full of sceptics, sceptical bankers and business owners like me, sceptical councillors and sceptical journalists with their arms folded and their expense-account pastries going cold, and leave forty minutes later having quietly persuaded the lot of us that the country is not, after all, finished. Andy Street is that Englishman.

I spent an afternoon recently listening to him lay out Prosper UK, the movement he has launched with Ruth Davidson to win back the seven million voters who feel they have nowhere left to put their cross, and I came away thinking something I had not thought in a worryingly long time. Competence, it turns out, is a political philosophy all on its own.

From having headed up CBM, the publishers of Business Matters, for over two decades I have spent enough years watching politicians promise the moon and deliver a damp car park to be cured of any romance about the lot of them. But Street is a different animal, and the reason is dully, gloriously unsexy: he has actually run things. He spent the best part of a decade as managing director of John Lewis, a shop that, last time I checked, managed to sell socks without bankrupting the nation. Then he spent seven years as Mayor of the West Midlands, during which something like 100,000 jobs arrived and roughly £10 billion of investment followed them through the door. He did not tweet the economy into existence. He went out, in an unfashionable suit, and got it.

Prosper UK is, in a sense, the same instinct dressed for national service. Davidson and Street reckon there are seven million Britons who believe in enterprise, sound money and public services that actually work, yet feel that no party will own all three at once. Tens of thousands signed up within a fortnight, which tells you the hunger is real. You can sneer at the centre ground all you like, and plenty of clever people do, but it is where most of the country quietly lives and works and pays its taxes.

Which brings me, inevitably, to the other Andy.

By the time you read this, Andy Burnham may well be measuring the curtains in Downing Street. The man who spent years as the King in the North, having decamped to Westminster as the new Member for Makerfield, is now the overwhelming favourite to lead the country, and he has arrived with a genuinely interesting prospectus. His “No 10 North”, the plan to physically wrench decision-making out of Whitehall and plant it in Manchester, is the boldest thing anyone has said about the British constitution in years. You can read the full sweep of it in TIME’s account of his economic and devolution agenda, and whatever you make of the politics, the ambition is real.

Here is the thing that nobody in either tribe seems willing to say out loud. These two men are, on the economy, arguing for almost exactly the same thing.

Both believe the British state is too centralised, too timid and too obsessed with the square mile around the Treasury. Both have spent their careers proving that a metro mayor with real powers can shift the dial in a way no Whitehall mandarin ever has. The Institute for Government has documented how Greater Manchester’s mayoralty became the template the rest of the country now copies. And the case for going further is hardly some fringe obsession of mine; Business Matters has been making it for years, from the academics arguing that regional disparities can be tackled by more devolution to the London business lobby that, remarkably, agrees Burnham is right to put devolution front and centre.

So why am I urging the incoming Prime Minister to take a quiet cup of tea with a Conservative he beat to nothing? Because Burnham has the mandate and Street has the manual.

Burnham is a brilliant campaigner, a man who can summon a crowd and a cause with equal ease. But running a national economy is not a rally. It is procurement, planning, skills funding, the unglamorous grinding business of getting a tram line built before the next election rather than the one after. Street has done precisely this, at scale, and he has done it while keeping the private sector in the room rather than haranguing it from the steps outside. When Japanese investors poured £118 million into Greater Manchester, business leaders rightly warned that Whitehall must now match that confidence. Confidence is built by people who deliver, not people who announce.

There is a national vice we really must shake off, and it is the belief that wisdom only ever comes wrapped in your own colours. The Americans call it tribalism; I call it self-harm. If the next Prime Minister genuinely wants to rewire Britain, he could do a great deal worse than borrow the wiring diagram from the one man who has already done the job and lived to tell the tale.

Sit down with Street, Andy. Order the good biscuits. Listen. The economy you are about to inherit is far too important to leave in the hands of people who merely agree with you.

Richard Alvin

Richard Alvin is a serial entrepreneur, a former advisor to the UK Government about small business and an Honorary Teaching Fellow on Business at Lancaster University.

A winner of the London Chamber of Commerce Business Person of the year and Freeman of the City of London for his services to business and charity. Richard is also Group MD of Capital Business Media and SME business research company Trends Research, regarded as one of the UK’s leading experts in the SME sector and an active angel investor and advisor to new start companies.

Richard is also the host of Save Our Business the U.S. based business advice television show.

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