Furlough extension costs £7BN: economic impact of lockdown emerges

The Government’s extension of the furlough scheme to cover worker wages during the new lockdown will cost £7 billion, MailOnline understands. As Boris Johnson last night pledged to extend payments at 80% to December, the impact on Britain’s already crippled economy emerged, with one expert claiming the new rules will cost £1.8billion each day. The Prime … Read more

ASDA: Credit rating setback for brothers buying company for £7bn

Billionaire brothers buying Asda for £7bn are hit by credit rating setback as their petrol station business is downgraded to ‘junk’ territory By City & Finance Reporter for the Daily Mail Published: 22:27 GMT, 28 October 2020 | Updated: 22:53 GMT, 28 October 2020 The billionaire brothers buying Asda for £7 billon have suffered a … Read more

Savers losing out on up to £7bn in interest by sticking with big banks

Savers are losing out on up to £7 billion in interest rewards by sticking with the big banks. While smaller banks and building societies have been tentatively raising rates, big banks continue to pay virtually no interest at all. Yet money has been pouring into the latter as savers have put more money aside for … Read more

The £7bn refund rip-off: Holiday plans are in ruins

Airlines are using underhand tactics to make it almost impossible for holidaymakers to claim refunds for cancelled flights, a Money Mail investigation reveals today. Hundreds of readers have contacted us to complain major airlines are illegally withholding refunds that should be paid within a week. Many say they have been goaded into accepting credit-note vouchers … Read more

The £7bn refund rip-off: Holiday plans are in ruins

Airlines are using underhand tactics to make it almost impossible for holidaymakers to claim refunds for cancelled flights, a Money Mail investigation reveals today. Hundreds of readers have contacted us to complain major airlines are illegally withholding refunds that should be paid within a week. Many say they have been goaded into accepting credit-note vouchers … Read more