Monday morning news briefing: Thomas Cook collapse chaos

Flying nowhere: A sign at Bristol Airport tells early-morning customers of the collapse of Thomas Cook - Aled Llywelyn
Flying nowhere: A sign at Bristol Airport tells early-morning customers of the collapse of Thomas Cook - Aled Llywelyn

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Thomas Cook: Hundreds of thousands left stranded abroad

Britain's biggest ever peacetime repatriation is under way. More than 150,000 British holidaymakers are stranded abroad after the collapse of Thomas Cook early today. The travel giant ceased trading at 2am with an announcement that it had gone into liquidation, having failed to secure a last-ditch rescue deal. The UK Civil Aviation Authority has launched the task of bringing customers home - codenamed Operation Matterhorn. Chris Graham explains what happens to holiday bookings and how those who are stuck overseas get back. The fall of one of the world's oldest travel companies puts 21,000 jobs at risk and 550 shops in Britain now face closure. Where did it all go wrong? Oliver Gill has the full story. Follow latest updates and essential advice in our liveblog.

Despite long-term fears Thomas Cook faced collapse, executives have been paid huge salaries and bonuses over the last five years. With the figures likely to anger staff who face losing their jobs, Victoria Ward reveals how much chief executive Peter Fankhauser has taken home since he took the helm in 2014.

Labour: Party will be crushed over Brexit, Jeremy Corbyn told

Jeremy Corbyn is facing a full-scale revolt over his Brexit policy. Senior party figures have warned that Labour would be crushed at the next election if he continued to sit on the fence. Political Editor Gordon Rayner reveals the big names in the party who have condemned a lack of leadership. Mr Corbyn is also struggling to maintain authority within his own private office after his "Orwellian" right-hand man was accused of driving out the party's policy chief.

Royal tour: High security as Sussexes visit notorious township

The Duke and Duchess of Sussex begin their tour of South Africa today in one of the country's most notorious townships. Chief Reporter Robert Mendick explains the security preparations to keep the couple and their baby son, Archie, safe. Here is everything to know about the royal trip. It has also emerged that the Duchess wore borrowed earrings worth £5 to a glamorous wedding in Rome.

News digest

Gallery: The big picture

Traffic stoppers | Six young horses caused the M23 near Crawley and Gatwick Airport in Sussex to close in both directions yesterday. Click here for our picture editor's selection of more striking images from around the world.

Why the long faces? An unusual sight on the M23 yesterday - Credit: Sussex Police
Long-faced culprits: The reason the M23 was brought to a standstill yesterday Credit: Sussex Police

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Business and money briefing

LSE bid | Aside from Thomas Cook, the other big business story is the latest on the London Stock Exchange. The Hong Kong stock exchange has called on a duo of banking heavyweights to help it charm shareholders, after its shock £32bn takeover approach was comprehensively rejected by the board.

Sport briefing

Rugby World Cup | Manu Tuilagi powered England to a winning start with a 35-3 victory over Tonga. But, as Mick Cleary reports, the statement performance sought by head coach Eddie Jones failed to materialise as his side struggled to subdue tactically astute opponents. And ITV got off on the wrong foot with viewers in a "cringeworthy" Japanese-themed studio.

And finally...

BBC squeaks | For nearly 100 years, six "pips" have been a familiar, comforting sound on BBC radio. But Radio 4 listeners were confused yesterday when the pips went missing. Jessica Carpani explains what went wrong.