Bus firms’ shares revved higher after the Government offered them a further bailout package. Companies will receive £167m of funding over the next three months on the condition that they keep running up to 50 per cent of their services in England. The rescue comes on top of another promise of Government support, worth £230m, … Read more
More of Britain’s biggest firms revealed plans yesterday to suspend tens of thousands of staff in a move which could cost the taxpayer up to £60billion over the next six months. In a vivid illustration of the impact of coronavirus on the economy, British Airways, Nissan, Topshop owner Arcadia and energy firm Ovo all announced … Read more
More of Britain’s biggest firms revealed plans yesterday to suspend tens of thousands of staff in a move which could cost the taxpayer up to £60billion over the next six months. In a vivid illustration of the impact of coronavirus on the economy, British Airways, Nissan, Topshop owner Arcadia and energy firm Ovo all announced … Read more
Chancellor Rishi Sunak will order banks to hand over loans to struggling firms as ‘one million businesses teeter on the brink of collapse’ because government backed schemes are not being passed on and companies ‘furlough half their staff’ New survey of business suggests there is a massive take up of furlough scheme Some 44 per … Read more
NHS heroes returning to help fight coronavirus being targeted by firms promoting tax dodging schemes By James Salmon for the Daily Mail Published: 21:50 BST, 1 April 2020 | Updated: 23:16 BST, 1 April 2020 Heroic doctors and nurses returning to help fight coronavirus are being targeted by rogue firms promoting aggressive tax avoidance schemes, … Read more
Firms that ARE doing the right thing by slashing pay in bid to save cash and survive the coronavirus pandemic By Tom Witherow For The Daily Mail Published: 21:51 BST, 1 April 2020 | Updated: 21:51 BST, 1 April 2020 Growing numbers of companies are slashing bosses’ pay in a bid to save cash and … Read more
Nearly a fifth of small British businesses could be forced to close in the next four weeks after running out of cash amid complaints banks are refusing to give them government-backed loans. Many bosses said they had been refused an emergency coronavirus loan for not meeting the criteria while others could not get through on … Read more
Feckless businesses are taking advantage of the coronavirus crisis in the NHS by ramping up the prices of gloves, masks and aprons by up to 1,000 per cent, it was revealed today. Care homes say they could go to the wall because they are being ‘ripped off’ in order to properly protect their workers. Martin … Read more
Feckless businesses are taking advantage of the coronavirus crisis in the NHS by ramping up the price of gloves, masks and aprons up by up to 1,000 per cent, it was revealed today. Care homes say they could go to the wall because they are being ‘ripped off’ in order to properly protect their workers. … Read more
Nearly a FIFTH of UK firms could shut within four weeks: Up to a million small to medium companies face ruin because banks are ‘refusing to give them government-backed loans’ By Rory Tingle For Mailonline Published: 08:19 BST, 1 April 2020 | Updated: 08:25 BST, 1 April 2020 Nearly a fifth of small British businesses … Read more