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China’s Jingye Steel asks UK for compensation over British Steel takeover – business live | Business

Introduction: Ryanair’s fees to seat parents with children under investigation

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Budget airline Ryanair is facing an investigation of the charges that parents must pay to sit with their children on flights.

Britain’s competition authority is investigating whether Ryanair is imposing an unfair contract term under consumer law, by insisting that parents (or indeed any adult) pay £8 for a reserved seat, to guarantee that their children sit with them.

The CMA says this morning:

double quotation markRyanair’s terms and conditions require at least one parent to sit with their children aged 2-11 when they fly. This is done through what Ryanair calls a “mandatory family seat”, which the parent must pay for in order to secure a seat next to them for their child.

For all other passengers, reserving a seat is optional. This fee applies to both outbound and return flights and typically costs around £8 each way. CMA evidence suggests this approach to seating is used across the majority of Ryanair’s UK routes.

The investigation will examing whether parents are being unfairly charged for Ryanair to meet its child safety and disability‑related obligations as set out under aviation rules.

The CMA suggests that Ryanair is the only major airline flying out of the UK to impose this charge; others will seat children with a parent or guardian without the need for a paid-for adult seat reservation, or allocate seats together automatically for free during the booking process.

The regulator will also look into whether this is an example of ‘drip’ pricing, where extra charges pop up during a booking process.

The agenda

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  • 1.30pm BST: US weekly jobless claims

  • 1.45pm BST: European Central Bank press conference

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Key events

China’s Jingye Steel asks UK for compensation for British Steel takeover

China’s Jingye Steel is seeking compensation from the UK government over the takeover, and future nationalisation, of British Steel.

Jingye Steel wants Britain to compensate it for the loss incurred through its investment in British Steel, which the UK government took operational control of in April 2025.

In a statement on WeChat, the company says:

double quotation mark“Jingye has recently initiated consultation procedures under the bilateral investment treaty with the UK government.”

Last month’s King’s Speech included plans for a Steel Industry (Nationalisation) Bill, to safeguard the domestic production of steel.

Jingye bought British Steel out of receivership in 2020, but in 2025 it announced it would shut the steelworks at Scunthorpe, prompting Starmer to step in to seize control.

Jingye then began trying to recover hundreds of millions of pounds of loans it had made to the company, as well as compensation for the cost of upgrading British Steel’s equipment.

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