The European Central Bank raises interest rates for the first time in five years, from 2.0% to 2.25%. This will affect the cost of money in the twelve Eurozone countries. (BBC)
Ray Hanna, who died on this day in Switzerland, was undoubtedly one of the finest display pilots ever, and regarded by many as the best of the best. Ray displaying his famous Mark IX Spitfire MH434 was a joy to behold, and a sight which will be sorely missed on the display circuit. He was with the Red Arrows from 1965 to 1971, and in that time was their longest serving - and some say their most influential - leader. He and his son, Mark Hanna, started the Old Flying Machine Company The Red Arrows paid tribute to him with a flypast at his funeral.
