Day Headlines in Business News: 2026-10-16
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Watch: Did Tesla really just unveil a flying car? (BBC Business 2026-10-16 12:32:31)
Tesla CEO Elon Musk showcased the vehicle at a facility owned by his SpaceX company, which helped develop the model. -
Banks expect to be hit with higher taxes in Budget (BBC Business 2026-10-16 10:16:27)
Senior banking executives have told the BBC they expect to be "on the menu" in the chancellor's Budget tax later this month. -
Fuel costs squeezing margins for some businesses (BBC Business 2026-10-16 05:30:57)
Diesel recently topped £2 per litre and there is concern that a duty freeze will not go far enough. -
'TV and cheap booze' blamed for landlord quitting (BBC Business 2026-10-16 05:03:15)
Lincolnshire has lost 27% of its pubs and bars since 2009 and some are calling on the government to act against cheap supermarket booze. -
Ship attack reports near Hormuz reach record high as oil exports slow (BBC Business 2026-10-16 05:00:17)
BBC Verify analysis of data from a UK maritime agency shows 12 vessels were struck in a week.