Package holiday firms have been accused of illegally withholding £1billion in refunds to families whose holidays were cancelled due to the pandemic. Around 9.4million people have lost a trip since coronavirus hit the UK – and the figure will rise again with a new lockdown and government ban on foreign holidays. However, many of the … Read more
Is this the end of insurance rip-off? £1billion saving predicted as firms are stopped from charging existing loyal customers more than new ones The Financial Conduct Authority announced that insurers would not be allowed to charge loyal clients more than new ones The FCA found insurers were making it harder for customers to stop automatic renewals … Read more
Housing Secretary Robert Jenrick ‘regrets’ sitting next to Tory donor Richard Desmond at a posh dinner and sending him text messages before approving £1billion housing development and saving him tens of millions of pounds The Housing Secretary said he wished he had not sat with Richard Desmond Weeks later he approved Westferry Printworks before local … Read more
New York City has voted to slash $1billion from the NYPD budget, following weeks of protests and fraught negotiations with Mayor Bill de Blasio – as some lawmakers complain it falls short of what activists demanded. The austere, coronavirus-era budget tightens spending across city agencies, including a cut of nearly $484million from the NYPD’s $6billion operating … Read more
New York City has voted to slash $1billion from the NYPD budget, following weeks of protests and fraught negotiations with Mayor Bill de Blasio – as some lawmakers complain it falls short of what activists demanded. The austere, coronavirus-era budget tightens spending across city agencies, including a cut of nearly $484million from the NYPD’s $6billion operating … Read more
Elon Musk calls out Jeff Bezos for being a ‘copy cat’ on Twitter after Amazon acquires self-driving startup Zoox for $1billion The comment is in reference to Musk’s ventures with Tesla’s self-driving cars Zoox, like Tesla, is focused on making self-driving cars and AI software Musk’s critical tweet is the second public swipe at Bezos … Read more
Elon Musk calls out Jeff Bezos for being a ‘copy cat’ on Twitter after Amazon acquires self-driving startup Zoox for $1billion The comment is in reference to Musk’s ventures with Tesla’s self-driving cars Zoox, like Tesla, is focused on making self-driving cars and AI software Musk’s critical tweet is the second public swipe at Bezos … Read more
Financier Amanda Staveley weeps in court after she is accused of operating a ‘hustle’ to take £1billion off Barclays Amanda Staveley claims the bank owes her up to £1.5billion after edging her out of a major deal Jeffery Onions said she was worried that she would not be paid by Abu Dhabi for her work … Read more
Labour has demanded an investigation into Downing Street’s links to a lobbyist involved in a controversial £1billion property development. Boris Johnson has defended Housing Secretary Robert Jenrick – after he approved the planning application from a Tory donor. The Prime Minister himself has denied impropriety after it was revealed that the lobbyist Richard Patient had … Read more
The government has awarded state contracts worth over £1billion to deal with the coronavirus pandemic to private firms without public tenders using emergency powers to fast-track agreements. Companies including Randox Laboratories Ltd and US-run Brake Bros are among the companies to have been handed contracts. The Government has fast-tracked the rules on awarding state contracts … Read more